Match the Following Terms with the Appropriate Definition

Multiple Choice

Match the following terms with the appropriate definition.
-Aims to record expenses in the same accounting period as the revenues that are earned as a result of those expenses.

A) Accrued revenues
B) Expense recognition (matching) principle
C) Cash basis accounting
D) Depreciation
E) Accrual basis accounting
F) Interim financial statements
G) Straight-line depreciation
H) Time period assumption
I) Fiscal year