Accounting Principles & JournalsMCQQuestion 5812 of 6
All Questions

Which accounting principle requires that expenses be matched with the revenues they help to generate?

Options

AMatching Principle
BMateriality Principle
CGoing Concern Principle
DComparability Principle
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Correct Answer

Option AMatching Principle

All Options:

  • AMatching Principle
  • BMateriality Principle
  • CGoing Concern Principle
  • DComparability Principle

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Detailed Solution & Explanation

### Matching Principle Explanation The Matching Principle is an accounting principle that requires expenses to be matched with the revenues they help to generate, allowing for a more accurate picture of a company's financial performance and preventing the distortion of financial results.
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