The rule requiring expenses to sit in the same period as the revenue t…

Question

The rule requiring expenses to sit in the same period as the revenue they helped earn is the:

Accepted Answer

D. Matching principle

1. Costs and income must line up.
2. Otherwise profit looks wrong.
3. That is the matching principle.
_Source: OpenStax Principles of Accounting Volume 1, Chapter 3, Analyzing and Recording Transactions._

Answer

Marking principle

Answer

Masking principle

Answer

Mapping principle

The rule requiring expenses to sit in the same period as the revenue they helped earn is the:

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