Solved EPFO APFC Question
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Q · AccountingMedium · 45s
Which accounting concept requires that expenses be matched with revenues?
TopicAccounting
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.25
Test Duration30 min
Step-by-Step Solution
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Expenses of a period should be recognized in the same period as related revenues.
Final Answer: Option (B) Matching Concept