Question
Matching Principle, is when you do not only recognize the revenue but you also recognize the expenses in an accounting period. An example would be
Matching Principle, is when you do not only recognize the revenue but you also recognize the expenses in an accounting period. An example would be if I purchase cell phones for $200 and resell them for $400 I am going to recognize the expense for $200 and the revenue for $400.
What is another example of a matching principle?
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College Accounting
Authors: Heintz and Parry
20th Edition
1285892070, 538489669, 9781111790301, 978-1285892078, 9780538489669, 1111790302, 978-0538745192
