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What is matching principal concept?

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What is matching principal concept?

Posted by Anrudh Garg 6 years, 9 months ago

CBSE > Class 11 > Accountancy

1 answers

Yaser Siddiquee 6 years, 9 months ago

The matching concept is an accounting practice whereby firms recognize revenues and their related expenses in the same accounting period. Firms report "revenues," that is, along with the "expenses" that brought them. The purpose of the matching concept is to avoid misstating earnings for a period.

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