Question

please explain the concept of Accounting. " Matching Principal"
Please answer.......✌️​

Answer 1

Answer:

In accrual accounting, the revenue recognition principle states that revenues should be recorded during the period in which they are earned, regardless of when the transfer of cash occurs

Answer 2

Answer:

Matching principle is the accounting principle that requires that the expenses incurred during a period be recorded in the same period in which the related revenues are earned. This principle recognizes that businesses must incur expenses to earn revenues.

Explanation:

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