What is the matching principle? Why is it useful to a business?

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Accounting Information For Business Decisions

ISBN: 9780170253703

2nd Edition

Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons

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Question Posted: Mar 02, 2024 11:15 AM

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What is the matching principle? Why is it useful to a business?

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The matching principle is an accounting concept that states that expenses should be recognized and recorded in the same accounting period as the reven...View the full answer

Accounting Information For Business Decisions

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