Question

the matching principle
○ a. srequires that the dollar amount of debits equal the dollar amount of credits on a trial balance
○ b. addresses the relationship between the journal and the balance sheet
○ c. states that the revenues and related expenses should be reported in the same period
○ d. determines whether the normal balance of an account is a debit or credit

Explanation:

The matching principle in accounting is about aligning revenues with related expenses. Option a is about the trial balance equality (not matching). Option b is incorrect as it doesn't relate to journal - balance sheet in this context. Option d is about account balances (not matching). Option c correctly states that revenues and related expenses should be reported in the same period, which is the essence of the matching principle.

Answer:

C. states that the revenues and related expenses should be reported in the same period