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while preparing final accounts, accounts should show accruals and prepayments.the net amount for the financial year should be shown in the final accounts

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โˆ™ 2009-10-19 15:35:30
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Q: What is matching concept?
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Communication as the concept of pacing or matching and mirroring another individual?

concept of pacing or matching and mirroring another individual


Matching revenues and expenses refers to?

Matching revenues and expenses is called "Matching concept" of Accounting.


Does The matching concept supports matching expenses with the related revenues?

True


Recording revenue when a sale is made most directly relates to which concept?

Matching concept


What is the accrual concept of accounting?

The accrual concept concerns the matching of costs and revenues for the reporting period.


Is the matching and accrual concepts similar?

Matching concept is the basis for accrual accounting system so Yes they are same.


Does the matching concept support accrual accounting principles?

yes


How do accruals and deferrals relate to the matching concept?

balance sheet


What is the difference btwn Matching Accrual and realization concept?

Accrual concepts use the matching of expenses to get an overall picture of a person's account. A realization concept is based on the results of the accrual process.


What Basic 8 concepts of financial accounting?

There are eight accounting concepts: Business entity concept, cost concept, going concern concept, matching concept, objectivity concept, unit of measure concept, adequate disclosure concept, and accounting period concept


Fundamental principles of accounting?

the fundamental principles of accounting are as follows:a. the going concern conceptb. the consistency conceptc. the separate valuation conceptd. accruals and matching concepte. the concept of prudence


Why is accrual accounting the preferred method in business?

It uses the matching concept which provides more accurate reporting that's why it is recommended to be used.


How accrual basis of accounting is related to matching concept?

Accrual basis accounting system is based on the concept of matching principle which dictates that revenues of same fiscal year should be matched with expenses of same fiscal year.


What are the concepts of accountancy?

following are the important accounting concepts: 1.GOING CONCERN CONCEPT 2.MATCHING CONCEPT 3.REALISATION CONCEPT 4.COST CONCEPT 5.SEPERATE ENTITY CONCEPT 6.MONEY MEASUREMENT CONCEPT 7.ACCOUNTING PERIOD CONCEPT


The matching concept requires expenses be recorded in the same period that the related revenue is recorded?

true


Is depreciation an example of the matching concept?

Yes depreciation expense is also an example of matching concept as in this way part of fixed asset cost is apportioned to income statement and depreciation is not used in cash basis of accounting as there cash purchase is fully expensed in purchasing year.


Although it is too simple an explanation the concept of a key fitting into a lock is descriptive of?

matching of enzyme with the substrate


Although it is too simple an explanation the concept of a key fitting into a lock is descriptive of the?

matching of enzyme with substrate


Is the matching concept related to the cash basis of accounting or the accrual basis of accounting?

Matching concept is the basis of accrual accounting system under which all expenses to earn revenue should be match within same fiscal year so it is part of accrual accounting system


Difference between matching and revenue recognition concept?

Matching concepts advocates the matching of one fiscal year revenues with same fiscal year expenses while revenue recogition concepts advocates the no revenue can be recognised until product is not transferred to third party.


What is the matching concept in financial accounting?

The Matching Concept: A significant relationship exists between revenue and expenses. Expenses are incurred for the for the purpose of producing revenue. In measuring net income for a period, revenue should be offset by all the expenses incurred in producing that revenue. This concept of offsetting expenses against revenue on the basis of "causes and effect" is called the Matching Concept. The term 'matching' means appropriate association of related revenues and expenses. In matching expenses against revenue the question when the payment was made or received is 'irrelevant'. For example if a salesman is paid commission in January, 2001, for sale made by him in December, 2000. According to this concept commission expense should be offset against sales of December 2000 because this expense is incurred for producing revenue in December 2000. On account of this concept, adjustments are made for all outstanding expenses, accrued revenues, prepaid expenses and unearned revenues, etc, while preparing the final accounts at the end of the accounting period.


What does carpe cerevisi mean?

This is not correct Latin. What is meant is probably something like carpe cerevisiam, "take/drink beer", where cerevisia was a Spanish drink made out of corn. It was probably not exactly beer, but the modern Spanish word cerveza meaning "beer" is no doubt derived from this.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.


What does the latin phrase boni mean?

Bonus means "good", but it is the masculine form of the adjective, so it would be used with only masculine nouns; when used without a noun, it would have to signify a male person, "good man". The plural of bonus is boni, "good men"."A good thing" would have to be the neuter form, bonum; plural bona "good things". Adjectives are listen in dictionaries by their masculine forms, so using bonus to mean "a good thing" looks as though someone looked it up in a dictionary who didn't know any Latin. That is why the Oxford English Dictionary speculates that the non-Latin word bonus (as used in English and many other languages) was coined either as a joke or by someone ignorant:[Bonus:] An ignorant or jocular application of L. bonus 'good (man)', probably intended to signify a boon, 'a good thing' (bonum). Prob. originally Stock Exchange slang.NAs o matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.


What does temporai mean in Latin or a word like it?

*Temporai is not proper Latin, but tempora means "times, seasons, etc.", or "temples, heads", as in the temples at the side of your head.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.


What does appuratus mean in the latin language?

This word does not exist in Latin. If it existed, it would have to mean something like "purified". However, if it is a misspelling for apparatus, it means either "preparation, splendour" (noun), or "prepared" (adjective, masculine singular).No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.No matching link found.