Matching principle
id:
matching-principle-178-7007150
title:
Matching principle
text:
In accrual accounting, the matching principle dictates that an expense should be reported in the same period as the corresponding revenue is earned. The revenue recognition principle states that revenues should be recorded in the period in which they are earned, regardless of when the cash is transferred. By recognising costs in the period they are incurred, a business can determine how much was spent to generate revenue, thereby reducing discrepancies between when costs are incurred and when re
brand slug:
wiki
category slug:
encyclopedia
description:
Accounting method
original url:
https://en.wikipedia.org/wiki/Matching_principle
date created:
2005-09-05T06:13:46Z
date modified:
2024-09-04T23:29:30Z
main entity:
{"identifier":"Q4388479","url":"https://www.wikidata.org/entity/Q4388479"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/e/e6/Ledger.png","width":1706,"height":896}
fields total:
13
integrity:
16