Which of the following statements best describes the matching principle? Total debits to expense accounts should equal total credits to revenue accounts. Total debits must be matched with total credits in the ledger accounts. Amounts on the balance sheet must be matched with amounts reported on the income statement. Expenses should be recognized in the same period that the related revenues are recognized.
https://qualitywriters.org/wp-content/uploads/2019/11/logo-300x75.png 0 0 Paul https://qualitywriters.org/wp-content/uploads/2019/11/logo-300x75.png Paul2020-09-30 00:00:002021-07-03 03:27:01Which of the following statements best describes the matching principle?