The Concept Referred to by the Matching Principle Is That

Multiple Choice

The concept referred to by the matching principle is that

A) current liabilities have the same period of existence as the current assets.
B) all cash disbursements for a period be matched to cash receipts for the period.
C) net income should be reported on a quarterly basis.
D) where possible the expenses to be included in the income statement were incurred to produce the revenues.