Question

What types of accounts are “matched” when the matching concept is used in a discussion of accrual accounting?

Multiple Choice

• A. Expenses and revenues

• B. Expenses and liabilities

• C. Assets and stockholders’ equity

• D. Assets and liabilities

Answer 1

Matching concept used accrued revenue with accrued expense with an particular accounting period.

So expense and liabilities, assets and stockholder's equity and assets and liabilities does not relate to matching concept

So answer is a) Expenses and revenues