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A-LevelAccountingThe accounting cycle9706/12 · Oct/Nov 2019 · Q11 Mark

Which concept requires that profits should be based on recognising revenues and their related expenses for an accounting period?

Aconsistency
Bmatching
Cmateriality
Dprudence

✓ Correct answer

B: matching

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About this question

Topic
The accounting cycle, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source
A-Level Accounting, Oct/Nov 2019 Paper 1 Variant 2, question 1.

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