Under which concept, recognition of expenses must be made in the same period as associated revenue?

Matching

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Going concern

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Objectivity

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None of the above

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Solution

The correct option is A
Matching

As per matching concept, all the expenses must be recorded in the same period as associated revenue.

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Similar questions

Recognition of cost in the same period as associated revenues is known as?

Explain Revenue Recognition and a Verifiable Objective concept of accounting.

A S - 9

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