what is matching concept




Answers were Sorted based on User's Feedback



what is matching concept..

Answer / krishnaveni

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

Is This Answer Correct ?    19 Yes 0 No

what is matching concept..

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.

Is This Answer Correct ?    6 Yes 0 No

what is matching concept..

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

Is This Answer Correct ?    2 Yes 0 No




what is matching concept..

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

Is This Answer Correct ?    2 Yes 0 No

what is matching concept..

Answer / siddaraja2020

matching concept means the revenues must matched with the
expenditure.

Is This Answer Correct ?    1 Yes 0 No

what is matching concept..

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

Is This Answer Correct ?    3 Yes 2 No

what is matching concept..

Answer / sivakumar

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

Is This Answer Correct ?    1 Yes 0 No

what is matching concept..

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.

Is This Answer Correct ?    1 Yes 0 No

what is matching concept..

Answer / nagaveni

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

Is This Answer Correct ?    0 Yes 0 No

what is matching concept..

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

Is This Answer Correct ?    0 Yes 0 No

Post New Answer



More Accounting General Interview Questions

I TRANSFERRED A STOCK OF RS. 100.00 FROM HEAD OFFICE DELHI TO MFG. UNIT OFFICE AT HARYANA AGST FORM F.AT BRANCH GOODS ARE PROCESSED AND ADDED VALUE OF RS. 80.00 AND TRNF BACK TO DELHI HEAD OFFICE FOR RS. 180.00 AGST FORM F FROM HARYANA . AND HEAD OFFICE SOLD THIS TO PARTY AT RS. 200.00 . I WANT TO KNOW HOW TO MAKE ACCOUNTING ENTRIES IN BOTH BOOKS HEAD OFFICE AND BRANCH OFFICE. TO SETTEL ACCOUNT AND TO CONSOLIDATE THE BOOKS AT THE END OF YEAR.

0 Answers  


define journal in one word

12 Answers   Accenture,


what is capital revenue and capital expenditure?

3 Answers  


how to calculate closing stock...? include direct exp or not... 

2 Answers  


Whether Goods receipt is an Asset or liability?

3 Answers  






Outstanding Expenses are the examples of

4 Answers  


what is revenue recognition rule, and can you specify the answer.

0 Answers   Consero Global,


if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?

0 Answers  


pls state ledger group in tally ? 1. input vat 2.output vat 3.cenvat credit duty 4.excise duty payable 5.service tax input 6.output service tax 7. tds payable 8. tds receivable.

0 Answers   ABC,


What is the Difference Between Sales Tax and VAT ?

7 Answers  


How to group the companies in tally?

0 Answers   CTS,


what is bills payable and bills receivable?

2 Answers  






Categories