The approach to preparing financial statements based on recognizing revenues when they are earned and matching expenses to those revenues is: the time period assumption. the matching principle. revenue basis accounting. cash basis accounting. accrual basis accounting.

Question

Business

Vanessa

5 December, 23:40

The approach to preparing financial statements based on recognizing revenues when they are earned and matching expenses to those revenues is: the time period assumption. the matching principle. revenue basis accounting. cash basis accounting. accrual basis accounting.

+1

Answers (1)

Know the Answer?

Drake Arroyo · Answer 1

I guess the correct answer is Accrual basis accounting.

The approach to preparing financial statements based on recognizing revenues when they are earned and matching expenses to those revenues is Accrual basis accounting.