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.
Which was the first country in the world to start a national program for family planning?
A. his subjects wisely
B. was a very kind and generousÂ
C. king who looked after
D. everyone said that heÂ
Which of the following states has literacy rate less than 80%, as per census 2011?
Hindu Religious Endowments Act was passed for the first time by the Government of
125th birth anniversary of legendary Alluri Sitarama Raju has celebrated, He was associated with which Field?
Which of the following districts has benefited from Bilas irrigation project?
Which Article of the Constitution of India is related to the Special Address by the President?
- What is the currency of Japan?
Which one of the following is the North Dravidian linguistic group?
Who is credited with the discovery of penicillin?
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