explain the matching concept and what is the deffered
revenue expendiature and how it related into matching
concept.
- 1 Answers
- 4849 Views
- I also Faced
- E-Mail Answers
Answer Posted / babai
Matching concept
The accounting principle that requires the recognition of
all costs that are associated with the generation of the
revenue reported in the income statement.
A deferred revenue expenditure is that where the benefit
the expenditure can be had for more than ONE accounting
period and less than FIVE accounting periods. There are no
hard and fast rules that the period is linted to 1 - 5. It
is just an assumption. It stands as an expired cost after
the business entity has had the complete benefits. It is
written off every year.
BOTH ARE CONTEMPORARY TO EACH OTHER....
| Is This Answer Correct ? | 3 Yes | 4 No |
Post New Answer View All Answers
what types of essays are giving in bank of america. can any one tell the opics? LAVANYA
Your company code use USD as the company currency. You are trying to post to an account in EUR but get an error message that you can see the problem. What is the reason?( any 1 answer) • The currency maintained in the account master record is USD • The translation rate between EUR and USD is NOT maintained • The only balances in local currency indictor is set in the account. • The account determination for exchange rate difference is missing for the account
EXPAND___________LNG
What is miscellaneous expense and when it is used
how i got knowledge about custom and excise i want rate list of custome and excise how we summit return of custom and excise , Is it include with ser. tax
after payment of interest of a loan account by using credit note voucher in tally 9........don't anyone thinks that we have to adjust the cash account by passing cr entry on journal for interest payment...
why you choose accounting as your career ? ?
In financial management why we calculate the cost of debt, (cost of capital) while rate of interest is given.
cash sales and credit sales both are asset or liability?
how to prepare mba finance for interview questions
Hi any one send me the configuration steps for make to order and make to stock in sap .send to my mail id c.sujatha2008@gmail.com
IS ACCOUNTING MBA AND FINANCE MBA SAME OR DIFRENT
what is portfolio Saint?
an amount deducted from the catalog price for an item of merchandise is called?
How can fictitious assets be measured or valued?
