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Recording of Depreciation is required for which method of Generally Accepted Accounting Principles?

18. Recording of Depreciation is required for which method of Generally Accepted Accounting Principles?

1. Cost Principle
2. Matching Principle
3. Money Measurement Concept
4. Dual Aspect Concept

Answer: B) Matching Principle

Explanation:

Depreciation cost lessens a bookkeeping period's pay despite the fact that the cost doesn't need a money or credit instalment. The justification for the cost is to conform to the matching guideline needed by accumulation bookkeeping. As indicated by the rule, costs are perceived paying little heed to cash instalment when commitments are.