Which of the following accounting elements does the matching

Which of the following accounting elements does the matching principle help to match?

a.revenues and liabilities

b.expenses and assets

c.expenses and revenues

d.expenses and liabilities

Solution

The correct choice is C : - Expenses and revenues

Explanation :- The matching principle is related to the revenue and expense principles. The matching principle states that when you recognize revenue, you should match related expenses with the revenue.