Matching Concept builds the entire accounting system as meaningful to agree on the volume of profit or losses of the firm at each and every level of transaction; which is an result of matching in between the revenues and expenses.
This concept smooth's the progress to recognize the value of the transaction at every moment. The value of the transaction is acknowledged through matching of profits which are mainly fetched from the total sales volume and the firms expenses at every level.
Subscribe to:
Post Comments (Atom)
0 comments
Post a Comment