question archive The recognition of which of the following expenses exemplifies the application of the matching principle? Select one: A
The recognition of which of the following expenses exemplifies the application of the matching principle? Select one: A
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The recognition of which of the following expenses exemplifies the application of the matching principle? Select one:
A. Research and development.
B. President's salary.
C. Advertising.
D. Cost of goods sold.
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Answer -
| Particulars | Explanation |
| The recognition of cost of goods sold exemplifies the application of the matching principle | The matching principle requires to report an expense on income statement in the period in which the related revenues are earned. |
Hence, Option - (D) is Correct.
