1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
KATRIN_1 [288]
3 years ago
11

Recording depreciation each period is necessary in accordance with the

Social Studies
1 answer:
enyata [817]3 years ago
6 0

Answer:

Matching Principle

Explanation:

Matching Principle states that expenses and revenue should be recorded as per 'accrual basis' of accounting for each accounting period. Accrual basis of accounting implies that transactions should be recorded, when they are entered into, irrespective of the cash settlement.

Matching principle requires expenses & revenue to be recorded on accrual basis in each accounting period (financial year). The matching of expenses, revenue assist business in ascertaining their net income for the corresponding accounting period.

Depreciation is the fall in value of asset due to passage of time, usage wear & tear, expected obsolescence. It facilitates in spreading the cost of fixed asset over its expected life. So, this 'cost' of fall in value of asset is important to be recorded as expense in business, to evaluate its correct profitability as per matching principle, for an accounting period.

You might be interested in
Which characters are the victims of stereotyping? Do any of them break through the behavior expected of them, showing individual
belka [17]

Answer:

All this information is from my personal point of view each person has a different opinion regarding this topic.

We are all somehow victims of stereotypes, since there has always been a lack of interest between genders, from a very young age they teach us, what kind of things we can do, with what kind of toys we can play, what colors we can use, and everything is tagging with a gender, even in some university careers there is always a discrimination between genders, then I will give you examples of what you mention:

The things we can do

in the case of children

-can play in the mud

-You can practice many sports

- teach them to fix things

- They put them to watch cartoons of children such as superheroes, racing etc.

In the case of girls

- teach them not to get dirty

- that they have to be inside the house

- they teach domestic chores

- They put them to see girl cartoons such as barbie, my little pony etc.

Toys

Many know that the big difference in toys, the main ones are dolls and carts, many people see very badly that a boy brings a doll as a toy and that a girl brings a dinusaurus, since according to society each toy already brings a genre And it's frowned upon.

The colors that can be used

When you go to the supermarket with the naked eye you can see the difference between gender and gender in boy and girl clothes as well as prints, you go to the girls section and everything is pink, purple, green, when you go to the section as a child, the vast majority of things are blue and red, and the stamped ones are seen as I mentioned with certain cartoons that are already selected for each genre, since you will never see in children a blue t-shirt with a printed princess, or a Pink monstertruck t-shirt for a girl.

In university careers

Nowadays, anyone can study what is reflected in it, but men are commonly seen studying engineering and women with bachelor's degrees, an example is civil engineering, the vast majority are men and if there are women but not many, and in the pediculture degree ( care of young children, teachers of basic levels) you will see all women and one or another man, because the parents then press them to study certain things that according to them are careers for men or careers for women.

How do you want to break stereotypes, leaving aside what it is and for who it is, just letting the boys and girls choose their things to their tastes, don't lock them up so that you don't do this because it's a girl or don't wear it because it's a boy , let them be, if a boy wants to wear pink clothes let him wear pink clothes, if a girl wants a superhero t-shirt, let her use, just like with toys, that they choose their tastes and differences, just like to teach a girl to fix things, let her get dirty to practice rough sports if she wants, and the boy teach her domestic chores, teach her to cook, to clean to weave, those activities do not make the man less man and the woman will not make her less woman.

That will help many people to be more confident and learn to know each other better since if they begin to suppress their tastes and interests from a young age, the only thing we do is create complexed adults with a lack of their own identity.

4 0
4 years ago
assess the potenitial consequences for islands if global warming continues. which of the following is most serious for the pacif
zhuklara [117]
If global warming continues than many islands will be underwater in a few years
8 0
3 years ago
How can you tell if an object has elastic properties?
34kurt

Answer:

c. when two people pull on it in opposite directions, it stretches. then turns back to it original size and shape when let go

4 0
3 years ago
When mars manufactures m&m’s, snickers, and other confectionery products, or when trek designs bicycles, each company’s core
bazaltina [42]

When mars manufacture m&m’s, snickers, and other confectionery products, or when trek designs bicycles, each company’s core question is Customer Core Value.

The fundamental values and unadulterated advantages that each product or service offers to meet a particular requirement of the client are contained in the core customer value level.

The core customers' value to your business is enormous, thus your investment will yield better results if you have a deeper understanding of them. Every business ought to have a brand promise it makes to its clients. Your promise should set you apart from the competition in your market and aid in closing more transactions.

Learn more about core customer value here:

brainly.com/question/16998960

#SPJ1

7 0
2 years ago
Matt called a cab company and asked to be picked up two blocks south of Dupont Circle in Washington DC which concept best repres
joja [24]

The correct answer for this question is relative location

Explanation:

5 0
4 years ago
Other questions:
  • Is a letter primary source or secondary source <br><br><br><br> Primary source
    11·2 answers
  • Why did the Chinese guard the secret of silk production so carefully?huh?
    5·2 answers
  • Exam: 01.04 The Scientific Method
    10·1 answer
  • What is a prediction for the creation of south carolina
    15·1 answer
  • In ICS, the member of the command staff assume the title of?
    9·1 answer
  • You might open the dictionary to a random page and see "juice." You know this word comes alphabetically before "logic," so you f
    9·1 answer
  • Megan is an accountant for a large hospital network. She knows that she could easily skim money from the organization to keep fo
    5·1 answer
  • The main purpose of Georgia's local governments is ___________ because _____________.
    8·1 answer
  • According to what you've learned, Jewish people in Europe were treated well and prospered in many different cities suffered a lo
    15·1 answer
  • What country has the most official languages in the world?
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!