1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zhenek [66]
3 years ago
8

The expense recognition (matching) principle requires that expenses (expenses/assets/liabilities) be recorded in the same accoun

ting period as the (expenses/revenues/assets) that are recognized as a result of those costs. This principle is a major part of the timing (timing/adjusting/estimating) process.
Business
1 answer:
Tju [1.3M]3 years ago
8 0

Answer:

Expenses ; revenues ; adjusting

Explanation:

According to the expense recognition or matching principle, the expenses that are incurred in a particular period should be matched with the revenues that are earned in that particular period.

This principle major part is of the adjustments so that the adjustment entries are passed so that the financial statements represents the true and fair view to the users of the accounting information

You might be interested in
Selected transactions for Thyme Advertising Company, Inc. are listed here. Describe the effect of each transaction on assets, li
SVEN [57.7K]

Answer:

Explanation:

1. Issued common stock to investors in exchange for cash received from inventors  - Increase in assets (cash) and an increase in equity  (Capital)

2. Paid monthly rent  - The decrease in equity and decrease in assets (cash)

3. Received cash from customers when service was rendered  - Increase in  assets (cash) and an increase in  equity

4. Billed customers for services performed  - Increase in assets (Accounts Receivable) and an increase in equity

5. Paid dividend to stockholders  - The decrease in equity and decrease in assets (cash)

6.Incurred advertising expense on account  - Decrease in equity and an increase in liability (Accounts Payable)

7.Received cash from customers billed in  - Increase in the asset (cash) and decrease in the asset (Accounts Receivable)

8.Purchased additional equipment for cash  - Increase in the asset (Equipment) and decrease in an asset (cash)

9.Purchased equipment on account  - Increase in the asset (equipment) and an increase in liabilities (Accounts payable)

5 0
4 years ago
Sarah just completed her 1040EZ tax return form and double-checked it. Now she should _____.
malfutka [58]
Send to IRS by April 15
6 0
3 years ago
Read 2 more answers
Who is Justin Bieber
Stella [2.4K]

Answer:

He a celebrity. One of his biggest songs are Baby, Love yourself, what do you mean, sorry .

7 0
3 years ago
Read 2 more answers
Many universities provide physical or electronic bulletin boards to facilitate ride-sharing and exchange of used books among stu
Darina [25.2K]

Answer:

C_2C

Explanation:

C_2C marketing is called consumer to consumer marketing

It is the making of product or administration with the particular limited time procedure being for shoppers to impart that item or administration to others as brand advocates dependent on the estimation of the item.  

The most noticeable instances of C_2C incorporate eBay, an online closeout web page, and amazon which is used for costumer service.

4 0
3 years ago
Which statement would not be a way for the government to reduce the national debt?
Anastasy [175]

Answer:

Increasing government spending in the form of infrastructure and  welfare

Explanation:

In order to reduce the national debt, the government need to take a conscious measure to use the government budget as little as possible.

Investment in infrastructures (such as military bases,. building new roads or parks) and government programs (such as expensive healthcare or government funded jobs) tend to take a large amount from the government budget. This will most likely resulted in the increase of national debt.

7 0
3 years ago
Other questions:
  • Accounting provides information to
    9·1 answer
  • Select the correct statement regarding managerial and financial accounting. Multiple Choice Timeliness is more important in fina
    13·2 answers
  • "The function C(t)=C(1+r)t models the rise in the cost of a product that has a cost of C today, subject to an average yearly inf
    15·1 answer
  • On January 2, Year 4, Nast Co. issued 8% bonds with a face amount of $1 million that mature on January 2, Year 10. The bonds wer
    11·1 answer
  • On April 1, 2020, Clare Barry received a 5%, $600,000 note from John Edwards, a customer. The note is due on March 31, 2021. Cla
    11·2 answers
  • Marshall Company purchases a machine for $840,000. The machine has an estimated residual value of $40,000. The company expects t
    10·1 answer
  • Penny Lane and Associates purchased a generator on January 1, 2015, for $6,300. The generator was estimated to have a five-year
    14·1 answer
  • Jerry, the manager of a small printing company, needs to replace a worn out copy machine. He is considering two machines; each h
    5·1 answer
  • Shaun oversees the marketing and sales activities for a company that sells products through its website. his job title is best d
    7·2 answers
  • When the grocery store orders a large shipment of chocolate candy just before Valentine's Day, this type of inventory is typical
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!