Accruals concept: Difference between revisions

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''Financial reporting - accounting concepts''.
''Financial reporting - accounting concepts''.


The principle that:
The principle that:

Revision as of 11:01, 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.


See also