Interested to Buy Any Domain ? << Click Here >> for more details...
explain the matching concept and what is the deffered
revenue expendiature and how it related into matching
concept.
- 1 Answers
- 5691 Views
- I also Faced
- E-Mail Answers
Answer Posted / babai
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 |
Post New Answer View All Answers
whts is the meaning of over cost and under cost, what is difference ?
Hi friends ineed finacial analyst interview question Pls share it
how we will prepare n file income tax returns for individuals?explain
Your company code use USD as the company currency. You are trying to post to an account in EUR but get an error message that you can see the problem. What is the reason?( any 1 answer) • The currency maintained in the account master record is USD • The translation rate between EUR and USD is NOT maintained • The only balances in local currency indictor is set in the account. • The account determination for exchange rate difference is missing for the account
Prepare a trial balance from the following :- Particulars Amount Particulars Amount Rs. Rs. Purchases 8225 Premium on lease 1200 Wages 1025 Loan on mortgage 2500 Sales 12450 Plant & machinery 2000 Arun's capital 13500 Provisn for doubtful debts 300 Stock on 1/1/98 1500 Sundry debtors 16550 Salary 410 Trade charges 200 Rent & taxes 162 Bad debts 200 Sundry creditors 2572
fill in the Blanks Share Holders in Company have _____________Liability
Whats the Balnace of Closing stock so if we issued the materil then the Closing stick will be dr and in case we pirchsed the materil the closing stock will be cr so tell me that i m correct or not
Enter the following in the petty cash book, using appropriate expenditure column headings. the book is kept in the the amount of imprest system. the amount of imprest is #40,000
What is the Technology used to carry out trades?
Can anyone give comparative data of NPA(non performing assets) of nationalised banks or BANKS IN INDIA for the last 5-10 years if possible with bifurcation substandard doubtful loss asset
how to do the recurring entries or steps to follow that
All Accounting Question Related Send Me ..
loss of pay for a employee when he is not having single leave bal. in his account that time what is the calculation 2) what exactly the days to be considered i.e. 26 days or 27 days i.e. to arrive at salary per day what exactly the days to be divid
where we have file E-returns in SAP FICO-CIN/Wtax?
objective of accounting
