Income for a specific reporting period has not yet been received or accounted for. The matching concept
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Income for a specific reporting period has not yet been received or accounted for. The matching concept requires recording the income in the period the income has occurred.
What are the accounting entries required to record the income following the matching concept?
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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