Accruals concept: Difference between revisions

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imported>Doug Williamson
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imported>Doug Williamson
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* [[Going concern]]
* [[Going concern]]
* [[Income statement]]
* [[Income statement]]
* [[Matching]]
* [[Profit and Loss account]]
* [[Profit and Loss account]]
* [[Prudence]]
* [[Prudence]]

Revision as of 10:09, 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.


See also