Matching Principle Is Best Described as
Offsetting the revenue of an accounting period with the estimated decline in market value of plant and equipment during the accounting period. The matching principle is best demonstrated by. Pin On Products Which of the following statements best describes the matching principle. . Total debits must be matched with total credits in the ledger accounts. Offsetting the revenue of an accounting period with the estimated decline in market value of plant and equipment during the accounting period. In other words the matching principle recognizes that revenues and expenses are related. It is easy-peasy to use our online assignment help service. Though the business as a going concern is expected to run its operations for foreseeable future yet there is a dire need to determine its periodical profitability performance. Matching Principles finds the common ground between the companys culture and work experience. Pai
