The Concept Of Matching Revenue And Expense Refers To The Fact That:

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The Concept Of Matching Revenue And Expense Refers To The Fact That:

all costs incurred in the process of earning revenues during a period are recorded as expenses in that period. all cash disbursements during a period are subtracted from all cash receipts during the period. costs incurred in the process of earning revenues during a period are deferred and expensed in a future period. expenses for a period equal the revenues for the period.
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all costs incurred in the process of earning revenues during a period are recorded as expenses in that period.
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