A

Admin • 833.24K Points
Coach

Q. Prepaid expenses are adjusted at the end of the year because of:

  • (A) Consistency concept
  • (B) Matching concept
  • (C) Going concern concept
  • (D) Money measurement concept
  • Correct Answer - Option(B)
  • Views: 21
  • Filed under category Accounting
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Explanation by: Admin

Prepaid expenses are adjusted to match expenses with related revenues.

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