Accountancy, asked by KINGutkarsh, 1 year ago

what do you mean by matching concept

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Answered by Eesho

The matching concept is an accounting practice whereby firms recognize 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 misstating earnings for a period

Answered by krishnamukherje1

the matching concept is an accounting practice whereby firms recognise revenues and their related expenses in same accounting period ....

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