Which accounting principle requires expenses to be matched against the revenues which they help to generate? a.

Question:

Which accounting principle requires expenses to be matched against the revenues which they help to generate?

a. Historical cost principle

b. Accounting entity principle

c. Expense recognition principle

d. Matching principle

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Principles Of Islamic Accounting

ISBN: 9781119023296

1st Edition

Authors: Nabil Baydoun, Maliah Sulaiman, Roger J. Willett, Shahul Ibrahim

See More Books

Question Posted: Jan 31, 2024 04:00 AM

See More Questions

Multiple Choice Questions 1. The main purpose of adjusting entries is to: A) Record external transactions and events. B) Record internal transactions and events. C) Recognize assets purchased during...
Multiple Choice Questions 1. The private board that currently has the authority to establish generally accepted accounting principles is the: A) APB. B) FASB. C) AAA. D) AICPA. E) SEC. 2. The...
Suppose a CAP policy was adopted that set allowances for a fixed number of miles driven by each car owner per year. Describe a plan for implementation and trading options.
The possibility of age discrimination in hiring MINI CASE Southeast Tile Distributors Inc. is a building tile wholesaler that originated in Atlanta but is now considering expansion throughout the...
Continuous Improvement Needed One evening after a strenuous day at the office, Janis Walker, president of Western Mills, Inc., a leading textile manufacturing firm, was out jogging to help relieve...
6. What is the goal of setting performance targets?What are some of the pitfalls inherent in the way companies sometimes set targets?
What are the two elements that an employee must show to make a successful Title VII claim? Do you think the motivating factor standard is appropriate for discrimination claims based on national...
Manning Delivery Service has completed closing entries and the accounting cycle for 2 0 1 8 . The classified balance sheet on December 3 1 , 2 0 1 8 follows: E ( Click the icon to view the...
Before adjustment, what type of account will result in assets being overstated and the expenses understated? a. Unearned revenues b. Accrued revenues c. Prepaid expenses d. Accrued expenses
During a routine check on the accounts of Dar Al Fatina, the following errors were identified. You are required to state which of these errors causes an unequal total in the trial balance and which...
Use the method of Example 6.83 to evaluate the given integral. (x cos x + x sin x) dx. (See Exercise 16.) Data From Exercise 16 Consider the subspace W of D, given by W = span(cos x, sin x, x cos x,...
You have recently taken over daycare center that was under substandard leadership. Currently, the staff is unmotivated, negative, and often absent from work. You notice that there is minimal...
Choose an organization from the industry of your choice to discuss, illustrate, and reflect deliberately on the following: Why is it important to distinguish between "group" and "team "? What kinds...
The focus of data governance programs, in some capacity, is enterprise-wide data quality standards and processes. If you were a manager focusing on master data: Would you likely meet enterprise-level...
1) Identify and explain each component of the ANOVA model. 2) How is the F ratio obtained? 3) What role does the F ratio play?
Make a BCG matrix table and place the following products from Apple: iPhone, iPad, iMac, iPod, Apple TV, Apple Watch, AirPod, and HomePod. Briefly describe why you have placed the products in the...
Consider a file whose size varies between 4 KB and 4 MB during its lifetime. Which of the three allocation schemes (contiguous, linked and table/indexed) will be most appropriate?
Tarick Toys Company manufactures video game consoles and accounts for product costs using process costing. The following information is available regarding its June inventories. The following...
Discuss how slower population growth will affect businesses in your local community.
Discuss the impact of changes in the size and use of technology in the 1829 age group on marketing strategy planning in the United States.
Name three specific examples of firms that developed a marketing mix to appeal to senior citizens.
Slow Roll Drum Co. is evaluating the extension of credit to a new group of customers. Although these customers will provide $198,000 in additional credit sales, 13 percent are likely to be...
Wendell's Donut Shoppe is investigating the purchase of a new $39,600 conut-making machine. The new machine would permit the company to reduce the amount of part-time help needed, at a cost savings...
1.Discuss the challenges faced with Valuing Stocks and Bonds. As part of this discussion, how will the selected item be implemented in an organization and its significance? 2. Discuss how Valuing...

Which accounting principle requires expenses to be matched against the revenues which they help to generate? a.

Question:

Step by Step Answer:

The accounting principle that requires expenses to be ...View the full answer

Principles Of Islamic Accounting

Students also viewed these Business questions