Question
The principle that requires expenses be reported in the same period as the revenues that were recognized as a result of those expenses is the
The principle that requires expenses be reported in the same period as the revenues that were recognized as a result of those expenses is the
A. Cost Principle
B. Time period principle
C. Expense Recognition principle
D. Recognition Principle
E. Cash Basis of Accounting
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Fundamental Accounting Principles
Authors: Larson Kermit, Tilly Jensen
Volume I, 14th Canadian Edition
978-0071051507
