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  3. Study Set
    Fundamental Accounting Principles Study Set 5
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    Exam 3: Adjusting Accounts and Preparing Financial Statements
  5. Question
    The Matching Principle Requires That Expenses Get Recorded in the Same
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The Matching Principle Requires That Expenses Get Recorded in the Same

Question 174

Question 174

True/False

The matching principle requires that expenses get recorded in the same accounting period as the revenues that are earned as a result of the expenses, not when cash is paid.

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