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The matching principle Applies only to situations in which a cash payment occurs before an expense is recognized Applies only to situations in which a
The matching principle
Applies only to situations in which a cash payment occurs before an expense is recognized
Applies only to situations in which a cash receipt occurs before revenue is recognized
Is used in accrual accounting to determine the proper period in which to recognize revenue
Is used in accrual accounting to determine the proper period for recognition of expenses
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