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30 January, 09:49

Even if the end of an accounting period occurs between the signing of a note payable and its maturity date, the matching principle requires that interest expense not be accrued on a note payable until the note is paid.

a) true

b) false

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Answers (1)
  1. 30 January, 09:55
    0
    True

    Explanation:

    The matching principle states that only those payments and receipts which actually are paid or received. the interest accrued is not included unless it is paid
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