Today we will know about the Matching Principle in Accounting. In a very different and easy way with example. According to matching principle, expenses incurred in business must be charged
Featured posts
Today we will know about the Matching Principle in Accounting. In a very different and easy way with example. According to matching principle, expenses incurred in business must be charged
Asset in financial accounting is the property of a business that has money value, benefit for which can be availed in future or it can be converted into cash. Some
What is Expense? Expense in financial accounting is the money value for which benefit has already been taken. Examples of expense are: salary, rent, repairs, depreciation etc. Lets understand this
To answer this we need to understand very basic thing that is why do we need accounting? Well, accounting is necessary for systematically recording financial business transactions, so that same