Matching in accounting
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 January 2013
what is the meaning matching concept in accounting
17 January 2013
Need to have a MATCHING between revenue and cost. Debiting a cost without MATCHING revenue may distort the financial picture. It may not give a true and fair view and hence matching principle is followed.
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