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Which accounting principle dictates whether the cost of a repair should be​ expensed?

a. conservatism
b. objectivity
c. entity
d. matching?

1 Answer

4 votes

Which accounting principle dictates whether the cost of a repair should be​ expensed?

d. matching

As per matching concept, All revenues have to be recorded along with expenses incurred to earn those revenues. Thus, revenues need to be accounted.

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