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    Matching

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    Dahyun Dahyun
    Matching is the process of recognizing revenue and expenses that result from the same transactions or events at the same time. It ensures revenues and expenses are recorded in the same accounting period to provide an accurate picture of profitability. Proper matching is important for financial statements to not be misleading and reflect the true economic substance of business activities.

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    Matching

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    Dahyun Dahyun
    6 views1 page
    Matching is the process of recognizing revenue and expenses that result from the same transactions or events at the same time. It ensures revenues and expenses are recorded in the same accounting period to provide an accurate picture of profitability. Proper matching is important for financial statements to not be misleading and reflect the true economic substance of business activities.

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    Matching is the process of recognizing revenue and expenses that result from the same transactions or events at the same time. It ensures revenues and expenses are recorded in the same accounting period to provide an accurate picture of profitability. Proper matching is important for financial statements to not be misleading and reflect the true economic substance of business activities.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    Download as pptx, pdf, or txt
    6 views1 page

    Matching

    Uploaded by

    Dahyun Dahyun
    Matching is the process of recognizing revenue and expenses that result from the same transactions or events at the same time. It ensures revenues and expenses are recorded in the same accounting period to provide an accurate picture of profitability. Proper matching is important for financial statements to not be misleading and reflect the true economic substance of business activities.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    Download as pptx, pdf, or txt
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    MATCHING

    . It is the process that involves the simultaneous or combined recognition of revenue


    and expenses that result directly from the same transactions and other events. *

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