Question 11CorrectMark 6.00 out of 6.00Flag questionQuestion text(T / F) The matching principle is fundamental to the accrual basis of accounting.Select one:True False FeedbackCorrect. The accrual basis of accounting seeks to match effort and accomplishment by matching expenses against the revenues they created.The correct answer is 'True'.(T / F) When companies offer trade discounts, the gross selling price (gross invoice price) at
which the sale is recorded is equal to the list price minus any trade discounts.
Question 2CorrectMark 1.00 out of 1.00