The matching principle Applies only to situations in which a cash payment occurs

Question

The matching principle Applies only to situations in which a cash payment occurs before an expense is recognized Applies only to situations in which a cash receipt occurs before revenue is recognized Is used in accrual accounting to determine the proper period in which to recognize revenue Is used in accrual accounting to determine the proper period for recognition of expenses The matching principle Applies only to situations in which a cash payment occurs before an expense is recognized Applies only to situations in which a cash receipt occurs before revenue is recognized Is used in accrual accounting to determine the proper period in which to recognize revenue Is used in accrual accounting to determine the proper period for recognition of expenses Applies only to situations in which a cash payment occurs before an expense is recognized Applies only to situations in which a cash receipt occurs before revenue is recognized Is used in accrual accounting to determine the proper period in which to recognize revenue Is used in accrual accounting to determine the proper period for recognition of expenses

Explanation / Answer

Is used in accrual accounting to determine the proper period for recognition of expenses , Matching concept states that expense should be recorded in the year in which it is incurred or occured under Accrual basis , irrespective of cash payment of that expenses

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