what is matching concept

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is accounting chart of accounts?

654


Define partitioning in accounting?

1142


my interview is on tuesday so i just want to know everything about the interview like which type of question they will ask me as i completed m.com . please helm me plz plz

910


Write about the media role in daily life

1667


what is the last date of deposit TDS on liability for the assessment year 2010-11

1588






Why current assets Liability said & current Liability Assets said...?at tally ERP9

1381


i am working in construction company.we have more then one projects.i enter attendance in payroll projectwise.i want salaries in projectwise not overall in payroll autofill. thankyou sir

1353


How Can We Differ Horizental & Vertical Balace Sheet? Explain.

1417


Describe the proof of cash type of bank reconciliation?

1469


Can you help me to pass the journal entry for work in progress for a construction company? I would like to know the debit and credit for W.I.P will be under in which accounts head. Eg: debit will be in current asset a/c head, and credit will be under in which a/c in P&L? whether under purchase a/c head, or under direct income a/c head? please give me the details. Thanks for your previous answer?

1719


hi ,i need some suggestion,comptd my graduation in 2012,but i wasted my time for 6 month,just i want 2 escape from this question,what u did for 6 months,how can i give proper anser to them?pls suggest me

1834


Describe yourself briefly why you are outstanding for this post "Finance Coordinator"?

1795


Pl's confirm me this entry how to pass in Tally 9.0 & Tally ERP.9 that if I purchase 20 mobile,30 phone,20 LCD,15 laptop from mangesh @ Rs.7000,Rs.200,Rs.17000 and Rs.14000 respectively on each. But I purchase by cash and 15 days later I sold half of the thing to priya margin of Rs.100 on each by cheque and rest i sold to minal on cash margin of Rs.200 on each. But I received cash 1 month later. so calculate how much profit I got by selling the products.

2857


what is t code of gr/ir report?

2117


Assigning natural account to accounting seg. What will happen

1601