Matching is:

Multiple Choice:

1. A valuation method.

2. A result of recognizing revenues and expenses that arise from the same transaction.

3. A cash basis reporting principle.

4. An asset classification procedure.

Question

Parker Clements

Business

11 September, 07:40

Matching is:

Multiple Choice:

1. A valuation method.

2. A result of recognizing revenues and expenses that arise from the same transaction.

3. A cash basis reporting principle.

4. An asset classification procedure.

+4

Answers (1)

Know the Answer?

Sarge · Answer 1

2. A result of recognizing revenues and expenses that arise from the same transaction.

Explanation:

Matching is a concept in accounting which favors the accrual accounting over cash basis of accounting.

It is a concept in which the cost incurred during the course of carrying out some activities that generate revenue is match to the revenue generated.

Hence Matching is a result of recognizing revenues and expenses that arise from the same transaction.

Matching is:Multiple Choice:1. A valuation method.2. A result of recognizing revenues and expenses that arise from the same transaction.3. A cash basis reporting principle.4. An asset classification procedure.

Matching is:

Multiple Choice:

1. A valuation method.

2. A result of recognizing revenues and expenses that arise from the same transaction.

3. A cash basis reporting principle.

4. An asset classification procedure.