menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Fundamental Accounting Principles Study Set 5
  4. Exam
    Exam 3: Adjusting Accounts and Preparing Financial Statements
  5. Question
    Two Main Accounting Principles Used in Accrual Accounting Are Matching
Solved

Two Main Accounting Principles Used in Accrual Accounting Are Matching

Question 43

Question 43

True/False

Two main accounting principles used in accrual accounting are matching and full closure.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q39: Using the information given below, prepare an

Q40: The matching principle does not aim to

Q41: A company purchased a new truck at

Q42: It is acceptable to record cash received

Q44: The balance in Tee Tax Services' office

Q45: Profit margin measures the relation of debt

Q48: The following unadjusted and adjusted trial balances

Q51: Costs incurred during an accounting period but

Q77: A company's month-end adjusting entry for Insurance

Q103: If a prepaid expense account were not

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines