Which of the Following Statements Is Correct in Relation to the Recognition

Which of the following statements is correct in relation to the recognition of expenses?

A) Under the Conceptual Framework the recognition of expenses is not tied to the matching process.Therefore the matching process no longer has any influence in practice
B) The recognition of expenses is not subject to the same degree of regulation as revenue
C) Under the Conceptual Framework the use of the matching process in relation to the recognition of expenses is acceptable,but must be discarded if it creates dubious assets and liabilities
D) Individual accounting standards may be consulted to determine the appropriate treatment for particular types of expenses.

Correct Answer:

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