Accounting · Accounting Principles
What is the Matching Principle in accounting?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Expenses should only be recorded when cash is received from clients
- 2All revenues should be recorded at the end of the fiscal year
- 3Expenses should be recorded only when cash is paid out, regardless of when revenue is earned
- 4Revenues and their related expenses should be recognized in the same accounting period✓
Correct answer
Revenues and their related expenses should be recognized in the same accounting period
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