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discuss how accrual concepts and matching concepts are the
same
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Answer Posted / krishnachaitanyanellore
According to Accrual/Mercantile concept of accounting, the
incomes/expenses are treated as incomes/expenses during the
period they belong to irrespective of whether they are
realized or not.
According to the matching concept, the incomes generated
during a period should be equal to the expenses incurred in
the same period.
Both of them are not exactly same but are nearly same.
| Is This Answer Correct ? | 19 Yes | 5 No |
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