Making adjustments to general ledger accounts is an application of the matching expenses with revenue accounting concept.
a. trueb. false
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Ответ:
A. True
Explanation:
This two principles i.e matching principle and the revenue recognition principle are interrelated to each other
The matching principle is that the principle in which the expenses of a particular period and the revenues incurred of a particular year should be matched.
Whereas the revenue recognition principle stated that whenever the revenue is earned it should be recorded whether cash is received or not
So for recording the adjusting entries, these two principles are required
Ответ:
Explanation:It was a short story that percieved the intellegence