Listed Below Are the Three Expense Recognition Principles Followed by a Series

question 83

Essay

Listed below are the three expense recognition principles followed by a series of expense items.
a.association of cause and effect
b.systematic and rational allocation
c.immediate recognition


Required:
Match the expense recognition principles to their corresponding expenses by placing the appropriate letter in the space provided.

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Definitions:

Reapply

The act of applying again or anew, often with the intention of achieving a different or improved outcome.

Deculturation

The process through which individuals lose their native cultural identity, typically as a result of prolonged contact with another culture.

Dominant Partner

A dominant partner typically refers to the more controlling or influential entity in a business relationship or alliance.

Mismanagement

The improper, inefficient, or negligent administration or handling of tasks or resources in a business, organization, or institution.