Which of the Following Principles Ensures That the Expenses for One

question 46

Multiple Choice

Which of the following principles ensures that the expenses for one time period are matched up with the related revenues for the same time period?

• A) The depreciation principle
• B) The matching principle
• C) The contra principle
• D) The mixed account principle

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Definitions:

Antifreeze

A liquid added to the water in a cooling system to lower its freezing point, commonly used in automobile engines.

Cooling System

A system designed to remove heat from an area or machinery, commonly using a fluid or air to transfer heat away.

Algebraic Expression

An algebraic expression is a mathematical phrase that can contain numbers, variables, and operation symbols, but no equality sign.

Ratio

A relationship between two numbers indicating how many times the first number contains the second.