contestada

The ______ principle of GAAP states that costs associated with a good or service should be recorded at the same time as the revenue from selling that good or service.

Respuesta :

Answer:

Matching principle

Explanation:

According to the matching principle, the cost or the expenses incurred for the particular period should be matched with the revenues earned from selling the business products on that particular period only

It helps to make the financial statements in a better presentation that reflects the true and fair presentation of the financial statements