QUESTION 38 Which of the following principles dictates that expenses are recognized in the same accounting period as their related revenue? O Cash Basis Expense recognition (Matching) Time Period (Periodicity) Cost (Measurement) QUESTION 39 If a company had checks outstanding of $150 on it July bank reconciliation and issued checks totaling $1,500 during the month of August, what amount of outstanding checks on their August bank reconciliation if the bank statement showed $1,000 in checks clearing the bank in August? $1,350 $1,500 $500 $650

QUESTION 38 Which of the following principles dictates that expenses are recognized in the same accounting period as their related revenue? Cash Basis Expense recognition (Matching) Time Period (Periodicity) Cost (Measurement) QUESTION 39 If a company had checks outstanding of $150 on it July bank reconciliation and issued checks totaling $1,500 during the month of August, wha amount of outstanding checks on their August bank reconciliation if the bank statement showed $1,000 in checks clearing the bank in Augusta O $1,350 $1,500 $500 $650