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Accounting Principles: Matching

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    FAISAL A.
    YE
    FAISAL A.

    Is there any live methods and examples

    Gabriel O.
    ML
    Gabriel O.

    Matching principla, is recording revenue during a period, revenue earned and revenue incured in generating this revenue, this could said assets cost matching with assets earned.

    Wendy C.
    AU
    Wendy C.

    Matching sets out the point of time at which revenue may be recognised so that comparing can be achieved

    Samuel F.
    ZA
    Samuel F.

    Matching principle. This principle requires that the asset's cost be allocated to Depreciation Expense over the life of the asset. In effect the cost of the asset is divided up with some of the cost being reported on each of the income statements issued during the life of the asset. By assigning a portion of the asset's cost to various income statements, the accountant is matching a portion of the asset's cost with each period in which the asset is used. Hopefully this also means that the asset's cost is being matched with the revenues earned by using the asset

    Harrison A.
    AT
    Harrison A.

    Matching principle is recording the revenues earned during a period using the revenue realisation principle and matching (offsetting) the revenues with expenses incurred in generating this revenue.All business small or large need information to determine how well or badly they are performing;however.if this information is misleading it could lead to false conclusions and unnecessary actions.

    Harrison A.
    AT
    Harrison A.

    Why is this so important ?

    Zachary B.
    US
    Zachary B.

    What are matching accounting principles?

    Ella Rose M.
    MY
    Ella Rose M.

    matching is done when making comparisons between two sheets.

    Diamond T.
    US
    Diamond T.

    Matching principle. This principle requires that the asset's cost be allocated to Depreciation Expense over the life of the asset. In effect the cost of the asset is divided up with some of the cost being reported on each of the income statements issued during the life of the asset. By assigning a portion of the asset's cost to various income statements, the accountant is matching a portion of the asset's cost with each period in which the asset is used. Hopefully this also means that the asset's cost is being matched with the revenues earned by using the asset

    Douglas R.
    US
    Douglas R.

    Matching and breaching.

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