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7 July, 04:22

Which accounting principle dictates whether the cost of a repair should be expensed?

a. conservatism

b. objectivity

c. entity

d. matching?

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  1. 7 July, 04:50
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    Which accounting principle dictates whether the cost of a repair should be expensed?

    d. matching

    As per matching concept, All revenues have to be recorded along with expenses incurred to earn those revenues. Thus, revenues need to be accounted.
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