Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. matching principle, is when you do not only recogn

Matching Principle, is when you do not only recognize the revenue but you also recognize...

70.2K

Verified Solution

Question

Accounting

Matching Principle, is when you do not only recognize the revenue but you also recognize the expenses in an accounting period. An example would be if I purchase cell phones for $200 and resell them for $400 I am going to recognize the expense for $200 and the revenue for $400.

What is another example of a matching principle?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

You are designing the top of a pencil pouch that consists of a rectangle to which...

Basic Math
Q

Identify 3 goals of a practitioner utilizing the Family Emotional Systems Theory approach

Psychology
Q

A constant electric field E 100 bounded by the y and z axes and the...

Physics
Q

3 Write a trigonometric equation and solve to find x 24 12 gjo X

Geometry
Q

Because of the difficulty of weighing a bear in the woods, researchers caught and measured...

Basic Math
Q

a Express 1 3 2x 1 x in the form b Solve the differential equation...

Algebra
Q

Yarmouth Company produces a liquid solvent in two departments: Mixing and Finishing. Accounting...

Accounting
Q

Shore Co sells two products, Kayaks and Motors. Last year Shore sold 12,600 units of...

Accounting
Q

Part III (8 points) Citadel Book Store entered into the transactions below. In the space...

Accounting
Q

Problem 4-22 Break-Even Analysis; Target Profit Analysis; Margin of Safety; CM Ratio [LO1, LO3, LO5,...

Accounting
Q

The inventory of Wildhorse Company on December 31, 2025, consists of the following items. apart...

Accounting
Q

1.B sold capital property in the current year for net proceeds of $800,000. The property...

Accounting