Question
Sometimes, it is just not possible to directly match expenses with revenues because there is no cause-and-effect relationship. What do you do with such expenditures?
Sometimes, it is just not possible to directly match expenses with revenues because there is no cause-and-effect relationship. What do you do with such expenditures? How or when do you record them if you cannot match them with any corresponding revenues?
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Financial Accounting with International Financial Reporting Standards
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
4th edition
1119504309, 1-119-50340-8, 9781119503408 , 978-1119504306
