Accruals concept: Difference between revisions
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'' | ''Financial reporting - accounting concepts''. | ||
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. | Also known as Matching. | ||
Revision as of 11:00, 10 September 2020
Financial reporting - accounting concepts.
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.
