Question on: SS1 Accounting - Reasons For Charging Depreciation
What is the matching principle?
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A
The principle that ensures that the expenses related to an asset are recognized in the same accounting period as the revenue it generates
B
The principle that allows a company to charge depreciation on an intangible asset
C
The principle that requires a company to increase the value of a tangible asset over time
D
The principle that requires a company to recover the cost of a tangible asset all at once
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Correct Option: A
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