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Matching Concept

Others 299 views 3 replies
In case of interest income, how matching concept applies though there is no expense incurred??
Replies (3)

Dear Sir,

Matching concept applies to expenditure and income relating to each other in same period.

For interest income, there is no expenditure incurred and more specifically, this is not a business income in most of the cases where we can apply this rule.

For more information, kindly drop email to capravin87 @ gmail.com 

For interest accrued there is matching cncept.
How??


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