It means that all expenses incurred in generating revenue for the period are subtracted from those revenues

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It means that all expenses incurred in generating revenue for the period are subtracted from those revenues to determine net income. Matching does not mean that revenues equal expenses.

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Accounting What The Numbers Mean

ISBN: 9780073379418

8th Edition

Authors: David Marshall, Wayne McManus, Daniel Viele

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Question Posted: Jun 28, 2024 01:10 AM

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It means that all expenses incurred in generating revenue for the period are subtracted from those revenues

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Accounting What The Numbers Mean

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