Question

what do you mean by matching concept

Answer 1

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An important concept of accrual accounting, the matching principle states that the related revenues and expenses must be matched in the same period. This is done in order to link the costs of an asset or revenue to its benefits.❤

Answer 2

Question:-

What Is the Matching Concept in Accounting?

Answer:-

An important concept of accrual accounting, the matching principle states that the related revenues and expenses must be matched in the same period. This is done in order to link the costs of an asset or revenue to its benefits.

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