A

Admin • 802.91K Points
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Q. The matching concept is based on the accounting period concept and is used to match:

  • (A) Assets and Liabilities
  • (B) Revenues and Expenses
  • (C) Income and Capital
  • (D) Debtors and Creditors
  • Correct Answer - Option(B)
  • Views: 3
  • Filed under category Accounting
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Explanation by: Admin
Matching concept ensures that expenses are recorded in the same period as the related revenues.

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