All expenses incurred while earning revenues should be identified with the revenues when they are earned, and reported for the same time period is the:

Question

The principle stating that all expenses incurred while earning revenues should be identified with the revenues when they are earned, and reported for the same time period is the: A) cost principle. B) revenue principle. C)expense principle. D)matching principle.

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN · Answer

In accounting, the matching principle states that revenue is to be matched to the expenses used to generate that revenue.

D. Matching principle

Vinod Jetley · Answer

D)matching principle.

Mohammed Mohammed · Answer

Matching concept D ...............

Deleted user · Answer

I agree with the answer D. In terms of the Framework (IFRS), it would be matching principle, income and expenses are also discussed under the Revenue Standard.

Ahammed Nizar Mulk · Answer

D, Matching principle as it says revenue is to be matched with expense used to generate it.

Muhammad Umair Arain · Answer

its matching concept,,,,,D

ROLAND ETUMUDON · Answer

Administrative/operation expenses

Krishnan Kallippal · Answer

the correct answer is Costing principle

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All expenses incurred while earning revenues should be identified with the revenues when they are earned, and reported for the same time period is the:

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