In what method of accounting, accrual or cash, does the matching principle apply?
Question:
In what method of accounting, accrual or cash, does the matching principle apply?
Matching Principle:
US GAAP means the generally accepted accounting principles that are required to be followed by all entities in the USA in accounting for their businesses. The matching principle is one of the many accounting principles that apply to the business entities.
Answer and Explanation: 1
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Matching principle:
The matching principle is one of the many accounting principles that are to be followed mandatorily as per US GAAP. In...
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Chapter 22 / Lesson 37Learn about the matching principle. Understand what the matching principle is, identify the benefits and challenges of the matching principle, and see examples.