True or False: The matching principle in accounting states that expenses should be recognized in the same period as the revenues they help generate, even if the cash transactions occur in different periods.

True or False: The matching principle in accounting states that expenses should be recognized in the same period as the revenues they help generate, even if the cash transactions occur in different periods.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter5: Adjusting Entries And The Work Sheet

Section: Chapter Questions

Problem 1TF: The matching principle in accounting requires the matching of debits and credits.

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