according the matching principle and accrual rules expenses are incurred when
Matching principle In accrual accounting, the matching principle states that expenses should be recorded during the period in which they are incurred, regardless of when the transfer of cash occurs. Conversely, cash basis accounting calls for the recognition of an expense when the cash is paid, regardless of when the expense was actually incurred.[1]
Andrea Gail All six of the crew were lost at sea.
Marcus Álvarez
Vande Mataram Vande Mataram (IAST: