The matching concept ensures that: (a) income and expenses are recognised in the period ordered (b) income
Question:
The matching concept ensures that:
(a) income and expenses are recognised in the period ordered
(b) income and expenses are recognised in the period invoiced
(c) income and expenses are recognised in the period paid
(d) income and expenses are recognised in the period earned/
incurred
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
How To Talk Finance Getting To Grips With The Numbers In Business
ISBN: 9781292074382
1st Edition
Authors: Ted Wainman
Question Posted: