Accountıng I Deneme Sınavı Sorusu #1272564
Which of the following means that you will record the expenses at the same time with the revenues related with these expenses are recorded?
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The time-period concept |
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Matching Principle |
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Revenue recognition principle |
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Deferred revenue concept |
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Deferred expense concept |
Yanıt Açıklaması:
Matching Principle (Expense recognition principle) means that you will record the expenses at the same time with the revenues related with these expenses are recorded. The correct answer is B.
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