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What do you mean by matching principle?

Posted by Rachana Shrivastava 6 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Haya Fatima 6 years, 10 months ago

Matching Principle is the association of revenue with related expenses. That's means ( In order to determined profit earned or loss suffered by business during accounting period, revenue of that period should be match with related expenses incurred in the period.)

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