Question
The expense recognition (matching) principle requires that expenses get recorded in the same accounting period as the revenues that are earned as a result of
The expense recognition (matching) principle requires that expenses get recorded in the same accounting period as the revenues that are earned as a result of the expenses, not when cash is paid.
True or False
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Financial Accounting An Integrated Approach
Authors: Michael Gibbins
6th Edition
0176407251, 978-0176407254
