contestada

The revenue/expense approach focuses on the income statement because it relies on which accounting principles?

Respuesta :

Emhicee

Answer:

Revenue recognition and matching

Explanation:

Revenue recognition is as generally accepted accounting principles (GAAP) that recognises or identifies the basis for which a revenue is recognised and how it is accounted for.

Revenue Matching can be defined as an accounting principle that involves the show of expenses during the time the revenue was collected.

Cheers.