what is matching concept
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Answer / krishnaveni
matching concept means matching of expenses with the revenue
is called matching expenses
| Is This Answer Correct ? | 19 Yes | 0 No |
Answer / piya
It is based on periodic postulate.The primary objective of
business is to earn profit.In order to measure profit
periodically revenues should be made with the costs
(expenses of thet period.Thus matching concept implies th
ematching expenses against related revenues.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / shreeram
The matching concept is an accounting principle that
requires the identification and recording of expenses
associated with revenue earned and recongnized during the
same accounting period
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / siddaraja2020
matching concept means the revenues must matched with the
expenditure.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / reddy
maching cancept means equel ammount of debit = creadit.
it is depending on double entry system . it show
always both sides ammounts are equelly
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / sivakumar
matching concept refers to requires the matching expences
with the revenue.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / raju(sks micro finance)hyd
The cost or expenses of a business of a particular period
are compared with the revenue of the period in order to
ascertain the net profit and loss.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / nagaveni
according to matching concept revenues are matched with the
expenditure of in that perticular accounting period.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / shreeram
The matching concept is based on the accounting period
concept. According to this concept , a Business in order to
achieve it prime objectives of profit maximization should
always maintain a match between the costs(expenses) and
revenues within the accounting period
in simple words the expenses always match
with revenues
| Is This Answer Correct ? | 0 Yes | 0 No |
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