Question
The Matching Principle means: a. Assets = Liabilities and Fund Balance b. Net Income = Operating Income minus Expense c. Expense is posted in the
The Matching Principle means:
a. Assets = Liabilities and Fund Balance
b. Net Income = Operating Income minus Expense
c. Expense is posted in the same period as associated revenue
d. Revenue is posted at the time of sale
e. None of the above
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Financial Accounting
Authors: Kermit D. Larson, William W. Pyle
4th Edition
0256067813, 978-0256067811
