The Matching Principle Requires That Revenue Be Assigned to the Accounting

question 199

True/False

The matching principle requires that revenue be assigned to the accounting period in which it is earned.

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Definitions:

Disaccharide Molecule

A carbohydrate made up of two monosaccharides (simple sugars) bonded together, such as sucrose, lactose, or maltose.

Glucose

A simple sugar that is an important source of energy in living organisms and is a component of many carbohydrates.

Dehydration Reaction

Chemical reaction in which a water molecule is released during the formation of a covalent bond.

Hydrogen Bonding

A weak interaction between a hydrogen atom bonded to a highly electronegative atom (like oxygen or nitrogen) and another electronegative atom.