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Which guideline determines that expense or costs ought to be recorded simultaneously as the income to which they compare?

11. Which guideline determines that expense or costs ought to be recorded simultaneously as the income to which they compare?

1. Matching Principle
2. Consistency Principle
3. Dual Aspect Concept
4. Stable Dollar Principle

Answer: A) Matching Principle

Explanation:

The matching principle is a bookkeeping rule for recording incomes and costs. It necessitates that a business records costs close by incomes procured. Preferably, the two of them fall inside a similar timeframe for the clearest following. This rule perceives that organizations should cause costs to procure incomes.