Cambridge IGCSE Accounting practice
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At a glance
MCQ
Type
cambridge_mcq
Style
Topic
Accounting principles
Exam-style question
Which accounting principle requires that expenses be matched with revenues?.
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Question 1 of 5
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Description
The company must adhere to various accounting principles such as matching, historic cost, and prudence when preparing its financial statements.
Explain the importance of the matching principle in financial reporting.
Aim for approximately 2 distinct marking points.