Accruals concept: Difference between revisions
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* [[Accounting concepts]] | * [[Accounting concepts]] | ||
* [[Accrual]] | * [[Accrual]] | ||
* [[Accruals]] | |||
* [[Accruals accounting]] | * [[Accruals accounting]] | ||
* [[Accruals basis]] | * [[Accruals basis]] | ||
Revision as of 13:39, 16 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.
