Question
Cost or expenses must be recorded at the same time as
the revenue to which they correspond is specified by which principle?Solution
According to the Matching Principle, expenses should be recognized in the same period as the revenues they helped generate, regardless of when the actual cash payment occurs. This principle ensures that the financial statements reflect the true profitability of a business by matching the expenses incurred to generate revenues in the same accounting period.
? * 4.89 = (410.15 ÷ 13.97) % of 6190 - 1342.77
What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)...
96.03% of √225.02 × 14.98 = ? + 19.98
What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)...
59.68% of √400 × 123.95 = ?
– (8.002)³ + (30.001)² - (4.01)⁴ =?
A, B & C have Rs.1550 together. If they divide the money in the ratio 1:3:1 respectively. Find the difference of amount received by B and C.
15.232 + 19.98% of 539.99 = ? × 8.99
56.05 2 – 24.24 2 + (63.98) 3/2 – 32.28% of 1500 = ? 2 + 113.03 × 5.09
24.99% of 1619.78 + (1259.84 ÷ 12.24) = ? × 16.98
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