Payables and Accrued Liabilities F21-09b

Expenses should be matched with revenues. Provide the relationship from strong to weak.

1. Expenses directly linked to revenues, e.g. cost of sales.
2. Expenses time-linked to revenues, e.g. salaries, property tax.
3. Expenses which benefit several periods, e.g. depreciation.
4. Expenses recognized when incurred, e.g. advertising, R&D.