Accruals concept: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson m (Category added 9/10/13 and spacing) |
imported>Doug Williamson (Layout.) |
||
| Line 1: | Line 1: | ||
''Accounting'' | ''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. | 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. | ||
Revision as of 20:37, 17 December 2016
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.
