Answer

Match the following principles of financial accounting to their definitions:

Definitions Principles
1. Financial statements are linked within A. Articulation of financial statements.
and across time.
2. Revenue and expenses are recognized D. Cash basis accounting.
when a cash transaction is completed.
3. Revenue is recognized when earned. C. Revenue recognition principle.
4. Recognizes revenue when earned and B. Accrual accounting.
expenses when incurred, even if no cash
is received or paid.