Accounting for IGCSE & O level - Accounting Procedures (Section 1 - No. 13)

What accounting principle is most directly related to the concept of depreciation?

Going Concern

Matching Principle

Cost Principle

Materiality

Explanation

The matching principle requires that expenses be recognized in the same period as the revenues they help generate, including the depreciation expense of an asset used to earn revenue.

Accounting for IGCSE & O level - Accounting Procedures (Section 1 - No. 13)

Explanation

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