what is matching concept
Answer Posted / 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 |
Post New Answer View All Answers
Hi.. I am pursuing my MBA II year thrgh distance frm O.U HYD., Pls let me know any jobs...in Bank jobssssss
whether sale and purhases of cf agent are his and he is liablte to pay VAT on sale of goods and pay the tax to govt collected by him one more being receiving commission of saleproceed during the year whose stock would be it it is of c f agent or principal manufctrurer who has send the goods to sold on his behalf
Explain me is any difference between inactive and dormant accounts?
Explain an example of a tough decision you had to make quickly?
As you know excellent communication skills are at the core of this position. Do you have experience with interpersonal communication in a professional setting?
what single discount is to2 successive discount of 10%& 15%
Tell me what are the three factors that can affect your cash flow and business profitability?
WHAT IS OPERATING CYCLE?
please tell me when co. owner invest money in his family members bank a/c. not any transaction came in business can we do this bank statement in tally ?
we have registered to MCCIA(Maratta Chember of Commerce Ind & Agri.).They given a Tax Invoice against this registration with charging service tax@10.3%.can we take credit of this service charge ?
what do you consider to be the biggest challenge facing the accounting profession today?
a cheque is received from a debtor and is deposited in the bank on the same day. what will be the journal entry?
What and How to compute an unsecured balances?
Tell me how many types of business transactions are there in accounting?
what is penaultimate sale