Accountancy, asked by nbayon9, 9 months ago

short note on Matching concept​

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Answered by babitadevi1306
1

Answer:

the matching concept is an accounting practice whereby firms recognise revenues and their related expenses in the same accounting period. Firms report "revenues". that is, along with the "expenses" that brought them. the purpose of the matching concept is to avoid misstaining earrings for a period.

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