Accruals concept: Difference between revisions
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''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. | ||
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== See also == | == See also == | ||
* [[Accounting]] | |||
* [[Accounting concepts]] | * [[Accounting concepts]] | ||
* [[Accruals accounting]] | |||
* [[Consistency]] | * [[Consistency]] | ||
* [[Disaggregation]] | * [[Disaggregation]] | ||
Revision as of 05:32, 28 November 2019
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.
