Explain the matching concept as it applies to year-end adjustments.
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Explain the matching concept as it applies to year-end adjustments.
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The matching concept is a fundamental accounting principle that guides the recognition of revenues and expenses in financial statements It is based on the idea that expenses should be recognized in th...View the full answer
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Related Book For
Fundamental Accounting
ISBN: 9781485112112
7th Edition
Authors: David Flynn, Carolina Koornhof, Ronald Arendse, Anna C. E. Coetzee, Edwardo Muriro, Louise Christel Posthumus, Louise Mancy Smit
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