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.
If DEMAND is coded as 23101421323 and ROSE is coded as 930810, then how will COLUMN be coded?
What will be the code of ‘we’?
In a certain code, '149' means 'eat one bun'; '178' means 'bun is sweet' and '179'means 'eat sweet bun'. Which digit in that code means "is' ?
In a code language, ‘AEROPLANE’ is written as ‘CCTMRJCLG’ how will ‘CHOPPER’ be written in the same language?
What is the code for ‘eight’?
In a certain code language, ‘APPLY’ is coded as ‘ZTTPC’ and ‘MOUSE’ is coded as ‘QNTWD’. How will ‘LIGHTS’ be coded as in that langu...
In a certain code language, ‘ LEMON ’ is written as ‘ 18 11 19 21 20 ’. What will be the code for ‘ APPLE ’ in the same code language?
...If the code for BRUSHING is SHRUBlNG then what will be the code for SLEEPING?
Find the code word for ‘veteran particular words’?
What is the code for ‘ it embarks’ in the given code language?
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