Accruals concept: Difference between revisions
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imported>Doug Williamson m (Spacing and amend to profit or loss (not and loss).) |
imported>Doug Williamson m (Category added 9/10/13 and spacing) |
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Also known as Matching. | Also known as Matching. | ||
== See also == | == See also == | ||
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* [[Profit and Loss account]] | * [[Profit and Loss account]] | ||
* [[Prudence]] | * [[Prudence]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
Revision as of 10:48, 9 October 2013
Accounting.
The principle that revenues, profits and the associated costs incurred while earning them should be included in the same period's profit or loss account or income statement.
Also known as Matching.
