The expense recognition (matching) principle states that: a company must report details behind financial...
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Accounting
The expense recognition matching principle states that: a company must report details behind financial statements that would impact users' decisions financial statements must reflect the assumption that the business continues operating revenue is recorded when products and services are delivered to customers a company must record the expenses incurred to generate the revenues reported accounting information is based on actual costs incurred in the transactions each business is accounted for separately from its owners the life of the company can be divided into time periods 
The expense recognition matching principle states that:
a company must report details behind financial statements that would impact
users' decisions
financial statements must reflect the assumption that the business continues
operating
revenue is recorded when products and services are delivered to customers
a company must record the expenses incurred to generate the revenues reported
accounting information is based on actual costs incurred in the transactions
each business is accounted for separately from its owners
the life of the company can be divided into time periods
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