Which accounting principle dictates whether the cost of a repair should be expensed? a. conservatism b. objectivity c. entity d. matching?

Question

asked Jul 2, 2019 105k views

1 Answer

Zeckdude · Answer 1 · 2019-07-08T01:30:31+0000

Which accounting principle dictates whether the cost of a repair should be expensed?

d. matching

As per matching concept, All revenues have to be recorded along with expenses incurred to earn those revenues. Thus, revenues need to be accounted.