Accountıng I Deneme Sınavı Sorusu #1313683
What is the matching rule?
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Matching is expense that is recognized after cash is paid. |
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Matching is expense that is recognized before cash will be paid. |
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An accounting rule that says revenues must be assigned to the accounting period in which the goods were sold or the services performed. |
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An accounting rule that says revenues must be assigned to the accounting period in which the goods will be sold or the services will be performed in the future. |
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As a matching principle, revenues recognition means that you will record the revenues. |
Matching Principle, also referred as Expense Recognition Principle is used to explain the relationship between expense and revenues. It means that you record the expenses at the same time with the revenues related with these expenses which are recorded regardless of the time cash is paid.
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