The accounting principle of matching is best demonstrated by
A. not recognizing any expense unless some revenue is realized.
B. associating effort (expense) with accomplishment (revenue).
C. recognizing prepaid rent received as revenue.
D. establishing an Appropriation for Contingencies account.
Answer:B
The accounting principle of matching is best demonstrated by
A. not recognizing any expense unless some revenue is realized. B. associating effort (expense) with accomplishment (revenue). C. recognizing prepaid rent received as revenue. D. establishing an Appropriation for Contingencies account.