The accounting principle of matching is best demonstrated by __________.

Not recognizing any expense unless some revenue is realized

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Associating effort (cost) with accomplishment (revenue)

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Recognizing prepaid rent received as revenue

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Establishing a reserve for possible future market decline in inventory account

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Solution

The correct option is D Associating effort (cost) with accomplishment (revenue)
Matching Principle states that all the expenses of the particular period should be matched with relevant revenue of that period.

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Similar questions

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The accounting principle of matching is best demonstrated by __________.

The correct option is D Associating effort (cost) with accomplishment (revenue)Matching Principle states that all the expenses of the particular period should be matched with relevant revenue of that period.

The correct option is D Associating effort (cost) with accomplishment (revenue)
Matching Principle states that all the expenses of the particular period should be matched with relevant revenue of that period.