What is the Meaning of Matching concept...??
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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.
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The matching concept is an accounting practice whereby firms recognize revenues and their related expenses in same accounting period the main purpose of this concept is avoid misstating earnings of a period
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