Class-Question-Matching-principle

This is a question in my class that needs to be answer with at least 150 words. I would like for it to be in your own words, but if not cite-in-text with reference. No Plagiarism

Accrual accounting is required under U.S. GAAP. One of the main principles of accrual accounting is the Matching Principle, also known as the Revenue Recognition Principle and the Expense Recognition Principle. Pick one of these and describe it. Why is it important?

 

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