The comparison principle in the Accounting Act 4-1 first paragraph point 3 states that "expenses shall be expensed in the same period as the associated income". This means that ...

(choose the right answer)

A) We expense expenses in the same period as they are paid

B) Unrealized losses must be recognized in the income statement

C) We expense expenses in the same period as they are consumed

D) We expense expenses in the same period as they are purchased