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Question 1 5 pts 1. Accrual accounting matches to for a particular time period. The method is the basis on which accounts are adjusted to
Question 1 5 pts 1. Accrual accounting matches to for a particular time period. The method is the basis on which accounts are adjusted to reach this objective. Under this method, expenses are matched to the revenues during the period that the revenues are generated. The revenue recognition assumption helps determine when revenues are earned, thus allowing expenses to be matched to these revenues. are not generally matched to expenses by convention. The is that generating revenue is the principal objective of a business. Therefore, these are recognized and then expenses are matched to revenues
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