The matching principle requires that expenses be recorded in the same time period as when the expense actually makes its contribution to revenue. In other words, expense recognition is tied to revenue recognition.
举一反三
- 中国大学MOOC: Since the revenue recognition principle requires that revenues be recorded when earned, there are no unearned revenues in accrual accounting.
- Since the revenue recognition principle requires that revenues be recorded when earned, there are no unearned revenues in accrual accounting. A: 正确 B: 错误
- Since the revenue recognition principle requires that revenues be<br/>recorded when earned, there are no unearned revenues in accrual<br/>accounting. A: True B: False
- Accrual means the recognition of an expense or revenue that has arisen but has not yet been recorded.
- According to the revenue recognition principle, the date of revenue recognition can be before delivery, delivery and after delivery.