Accounting for IGCSE & O level - Final Statements (Section 4 - No. 42)
What is the 'matching principle' in accounting?
Matching revenue with the same period's expenses.
Matching assets with liabilities.
Matching debits and credits.
Matching the business with the market.
Explanation
The matching principle involves matching revenue with the expenses incurred in the same accounting period.
Comments (0)
