The expense recognition (matching) principle aims to record (expenses/assets/liabilities) in the same accounting period as the (expenses/revenues/assets) that are earned as a result of those costs. This principle is a major part of the (timing/adjusting/estimating) process.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The expense recognition (matching) principle aims to record (expenses/assets/liabilities) in the same accounting period as the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which of the following pairs are characteristics of price-takers? A. Cost-plus pricing and less competition B. Cost-plus pricing and lack of product uniqueness C. Target costing and heavy competition D. Less competition and target pricing
Answers (1)
Steven operates a landscaping service on the accrual method. In September of this year Steven received a payment of $18,000 for 24 months of landscape services ($750 per month commencing on November 1st of this year).
Answers (1)
When creating a business plan, what should be the first thing you do? What order should the parts be created?
Answers (1)
How did central planning affect consumers in the former soviet union? government-provided housing was costly but readily available. consumers often had to wait in long lines to purchase goods and services.
Answers (1)
Suppose two economists are debating tax reform bill. Both economists agree that the bill would increase the after-tax income of the top 5% of income earners. However, they disagree on whether the bill would improve the tax system.
Answers (1)
New Questions in Business
Mike inherited some antiques. Pat agrees to buy them. In the contract, Mike and Pat agree to value the antiques at whatever the Sotheby's representative says. It is much higher than either of them anticipated. What is the outcome?
Answers (1)
Among the various kinds visual aids, tables are what?
Answers (1)
Tp-22 what test can be performed to detect a leak after fueling a gasoline-powered boat?
Answers (1)
Before any serious discussion of purchasing a business occurs a _ should be conducted
Answers (1)
A Security Classification Guide (SCG) is:
Answers (1)