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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:

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.

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Question ajoutée par Vinod Jetley , Assistant General Manager , State Bank of India
Date de publication: 2014/10/26
VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
par VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

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
par Vinod Jetley , Assistant General Manager , State Bank of India

D)matching principle.

Mohammed  Mohammed
par Mohammed Mohammed , Senior SAP Consultant , Abyat Mega Store

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

Utilisateur supprimé
par Utilisateur supprimé

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
par Ahammed Nizar Mulk , Secondary School Teacher , Ministry Of Education - Maldives

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

Muhammad Umair Arain
par Muhammad Umair Arain , General Accountant , Heart Beat Medical Center & One Day Surgery LLC

its matching concept,,,,,D

ROLAND ETUMUDON
par ROLAND ETUMUDON , Account Administrator , Hire Pacific International Nig. Ltd

Administrative/operation expenses

Krishnan Kallippal
par Krishnan Kallippal , Manager Finance and Internal Audit , KAEFER L.L.C

the correct answer is Costing principle

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