Accounting · Accounting Principles
Which of the following best explains the rationale behind the Matching Principle in accounting?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Assets should match the liabilities plus capital at all times.
- 2Revenues should be recognized only when cash is received.
- 3Expenses should be recorded in the period in which cash is actually paid.
- 4Expenses should be matched with the revenues they help to generate in the same accounting period.✓
Correct answer
Expenses should be matched with the revenues they help to generate in the same accounting period.
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