Accounting for IGCSE & O level - Advanced Principles (Section 9 - No. 12)
Which accounting principle is most closely related to the concept of matching revenues and expenses?
Going concern
Accruals
Consistency
Prudence
คำอธิบาย
The accruals principle underpins the matching principle as it involves recognizing revenues and expenses when they are earned or incurred, not when cash changes hands.