Multiple Choice
The primary objective of the matching principle is to:
A) Provide timely information to external decision-makers
B) Provide full disclosure
C) Recognize expenses in the same period as the related revenue
D) All of the above
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q49: When goods are purchased for cash, the
Q50: Value of goods withdrawn by the proprietor
Q51: Which of the following is NOT normally
Q52: M/s Stationery Mart will debit the purchase
Q53: Journal entry for wages paid Rs. 5,000
Q55: The debit side discount column of three
Q56: All of the following are not considered
Q57: In case a trail balance does not
Q58: Every transaction has two aspects i.e., debit
Q59: Income is the output of excess or