Accounting for IGCSE & O level - Advanced Principles (Section 5 - No. 43)
What does the matching principle aim to accomplish in accounting?
Match expenses with revenues in the same accounting period.
Match assets with liabilities.
Match cash inflows with cash outflows.
Match income with owner's equity.
คำอธิบาย
The matching principle aligns expenses with the revenues they generate within the same accounting period.