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what is matching principle of accounting?

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what is matching principle of accounting?

Posted by Akanksha Choudhary 7 years, 7 months ago

CBSE > Class 11 > Accountancy

1 answers

Vedangi Bartaria 7 years, 7 months ago

The concept of matching emphasis that expenses incurred in an accounting period should be matched with revenues during that period. It follows from this that the revenue and expenses incurred to earn these revenue must belong to the same accounting period.

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