In accrual accounting, the matching principle states that expenses should be recorded during the period in which they are incurred, regardless of when the transfer of cash occurs. Conversely, cash basis accounting calls for the recognition of an expense when the cash is paid, regardless of when the expense was actually incurred. If no cause-and-ef...
Found on
http://en.wikipedia.org/wiki/Matching_principle
A method of analysing the sales and expenses which make up those sales to a particular period (eg. i
Found on
http://www.encyclo.co.uk/local/22398
The concept that all costs and expenses incurred in generating revenues must be recognized in the sa
Found on
http://www.encyclo.co.uk/local/22398
- A fundamental concept of basic accounting. In any one given accounting period, you should try to match the revenue you are reporting with the expenses it took to generate that revenue in the same time period, or over the periods in which you will be receiving benefits from that expenditure. A simple example is depreciation expense. If you buy a b...
Found on
https://www.encyclo.co.uk/local/21071
- A fundamental rule f baxic accounting. In any one given accounting period, you should try to match the revenue you are reporting with the expenses it took.
Found on
https://www.encyclo.co.uk/local/21071
The matching principle is an accounting principle that requires expenses to be reported in the same period as the revenues resulting from those expenses. In other words, the matching principle recognizes that revenues and expenses are related. Businesses must incur costs in order to generate revenues.
Found on
https://www.myaccountingcourse.com/accounting-dictionary/accounting-diction
No exact match found.
