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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 |
what is capital revenue and capital expenditure?
Does anybody know anything about BirlaSoft? I got a job offer, they sent me a contract to sign and return, but thank God they didn't ask for any money! But, they said they would send me a check in the mail. And as my first "task" I would have to use that check to order a bunch of accounting software, and I would need to purchase this software ONLY from the vendors that THEY provide. Is this a scam to just get money? I'm wondering if they "own" the vendor they "work" with and launder money that way. I asked the person who was getting my information, as far as my name and address to send the check to, Why would I have to buy software to install in my home computer anyway? Couldn't they just send me a link for the software to download? I'm afraid of the check being fake. Because, if I deposit the check into my checking account and it turns out to be fake, then I'll owe the bank all that money! Hope to hear from someone soon. Thanks.
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