Match the ones on the left to the options listed on the right

Match the following principles of financial accounting to their definitions: Prompts Submitted Answers Financial statements are linked within and across time Choose a match Revenue and expenses are recognized when a cash Revenue recognition principle transaction is completed Revenue is recognized when earned Accrual accounting Recognizes revenue when earned and expenses when Cash basis accounting incurred, even if no cash is received or paid Matching principle Articulation of financial statements