Answer / krishnaveni

matching concept means matching of expenses with the revenue
is called matching expenses

Answer / piya

It is based on periodic postulate.The primary objective of
business is to earn profit.In order to measure profit
periodically revenues should be made with the costs
(expenses of thet period.Thus matching concept implies th
ematching expenses against related revenues.

Answer / s.sivaram

Yes of Course Matching concept means matching revenues of
the one period with costs of the same period if not done it
will distort presentation of True and Fair view

Answer / shreeram

The matching concept is an accounting principle that
requires the identification and recording of expenses
associated with revenue earned and recongnized during the
same accounting period

Answer / siddaraja2020

matching concept means the revenues must matched with the
expenditure.

Answer / reddy

maching cancept means equel ammount of debit = creadit.
it is depending on double entry system . it show
always both sides ammounts are equelly

Answer / sivakumar

matching concept refers to requires the matching expences
with the revenue.

Answer / raju(sks micro finance)hyd

The cost or expenses of a business of a particular period
are compared with the revenue of the period in order to
ascertain the net profit and loss.

Answer / nagaveni

according to matching concept revenues are matched with the
expenditure of in that perticular accounting period.

Answer / shreeram

The matching concept is based on the accounting period
concept. According to this concept , a Business in order to
achieve it prime objectives of profit maximization should
always maintain a match between the costs(expenses) and
revenues within the accounting period

in simple words the expenses always match
with revenues

My company was granted a bank facility of 750,000 for guarantee, performance bond, advance payment, retention guarantee and 100,000 bank overdraft. These facility amount was never added to the company account. a. What is the entry? b. Lien over fixed deposit for 50,000 to be brought upfront c. Lien over gradual buildup for fixed deposit 50,000 by transferring 10,000 monthly from customer's account to separate call account. d. After a month, we had an overdraft of 22,000. What will be my entry? e. After 3 months, we have a construction project and was asked for advance payment of 24,000 with a 25% margin? f. Another company asked for performance bond of 44,200 with 25% margin.

0 Answers  

What Is Bank Reconciliation ?

2 Answers  

What is f form and where it is used?

10 Answers   ITW Signode,

Contrast bookkeeping and accounting

0 Answers  

What is a 3 Column cash book?

15 Answers  

I am confused with Capital Account and Drawings Account. Please show me "the general Journal Entries" and "Owner's Equity in Balance Sheet". (1) The owner increased his investment in the company by $10,000. (2) The owner increased his investment in the company by $10,000.

2 Answers  

if the chq is dishonored which entry will be passed???????? give example entry

2 Answers  

what is the meaing of Purely Temporary Erections as per income tax act

1 Answers  

what is the Difference between CC & OD accounts

4 Answers   Amul, ITC Infotech, Northern Trust,

How to create report of t code f-02 in SAP FI?

3 Answers  

2- What is the difference between cash book and journals?

1 Answers   SEFL,

Loan & Advances which heading calculated ?

2 Answers   Spanco,