Accountancy, asked by vanshdeepkashyap528, 3 months ago

revenues are matched with expenses in accordance with going concern concept

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Answered by soumyarupbasu01

Explanation:

The matching principle states that each revenue recorded should be matched with the related expenses at the same time. ... The going concern principle states that businesses should assume they will continue to operate and exist in the foreseeable future, and not liquidate.

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