The concept of matching revenue and expense refers to the, Ask an Expert

Accounting

The concept of matching revenue and expense refers to the fact that:

a. expenses for a period equal the revenues for the period.

b. all costs incurred in the process of earning revenue during a period are recorded as an expense in that period.

c. all cash disbursements during a period are subtracted from all cash receipts during the period.

d. costs incurred in the process of earning revenue during a period are deferred and expensed in a future period.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M953998

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