The Matching Concept

question 20

Multiple Choice

The matching concept

• A) Requires that a debit is matched or posted for every credit
• B) Treats all costs as being directly related to revenue generation
• C) Treats all costs as expenses
• D) Is the name applied to the process of associating expenses with revenues

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Definitions:

Moral Worth

The value or respectability of actions or decisions based on ethical principles.

Motive

A reason for doing something, especially one that is hidden or not obvious.

Subjective Plan

A course of action based on personal perspectives, feelings, or opinions rather than objective evidence or analysis.

Imperative

Something that is necessary or of great importance, often used in the context of commands or duties.