explain the matching concept and what is the deffered
revenue expendiature and how it related into matching
concept.
Matching concept
The accounting principle that requires the recognition of
all costs that are associated with the generation of the
revenue reported in the income statement.
A deferred revenue expenditure is that where the benefit
the expenditure can be had for more than ONE accounting
period and less than FIVE accounting periods. There are no
hard and fast rules that the period is linted to 1 - 5. It
is just an assumption. It stands as an expired cost after
the business entity has had the complete benefits. It is
written off every year.
BOTH ARE CONTEMPORARY TO EACH OTHER....
Is This Answer Correct ? | 3 Yes | 4 No |
HI i have been shortlisted for the Syndicate bank PO post. Can any one guide me about the interview questions..and answers?
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What are the general Ledgers?
WHY LOSS IN BUSINESS IS SHOWN IN ASSETS SIDE OF BALANCE SHEET? WHY EXCISE DUTY IS DEDUCTED FROM THE GROSS SALES TO ARRIVE NET SALES? WHY SALES TAX IS NOT DEDUCTED FROM SALES TO ARRIVE NET SALES?
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difference between accounting and financial accounting if it is same or not if not what is the difference ?
What is Going Concern, What is Dual Entry , What is Business entity and what are the names of Stock exchanges and currency of some countries, stock market related questions, Exchange rates, Banks and other informations
I am going to attend an interview for the post of Sr. Accounts Officer in airport authority of india,pls help me to prepare for the interview
what are the difference between banking institutions and financial institutions?
Bank reconcliation statement.
11 Answers Franklin Templeton, FT, HSBC,
How many types of Purchase Orders?
8 Answers DigiHome, Genpact, Mulpuri Group, Richa,
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