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Relationship between matching concept and accrual accounting

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Question - Meyer (2004) tells us that accounting based on the matching principle aims at allocating expenses to the corresponding revenue on an accrual basis. In this respect, profits and losses are distributed over the period of risk-bearing. What is the relationship between the matching concept and accrual accounting? Are revenues matched to expenses, or are expenses matched to revenues? Does it matter one way or the other? Please explain.

Reference no: EM133157418

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