( )provide guidance on when a company must recognize revenue.
A: The realization principle
B: The matching principle
A: The realization principle
B: The matching principle
举一反三
- 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.
- The matching principle provides guidance in accounting for ( ). A: Expenses B: Assets C: Owner’s equity D: Liabilities
- When the opposition tries to present a better principle, they need to provide an alternative principle, and explain why this alternative principle is better than the proposition one.
- The idea that a business be accounted for separately and independently from its owner or owners is known as the() A: objectivity principle B: business entity principle C: going-concern principle D: revenue recognition principle
- The basic purpose of depreciation is to achieve the matching principle