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miskamm [114]
3 years ago
10

The matching principle

Business
1 answer:
Delicious77 [7]3 years ago
6 0

Answer: The matching principle <u>"d. states that the revenues and related expenses should be reported in the same period".</u>

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Explanation: The application of this principle is a consequence of double entry; In the specific case of the Correspondence Principle we refer to the relationship that exists between an income and expense at the time of registering a transaction. It can be summarized in the following statement:

For every income there is an expense and for every expense there is an income.

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As discussed below.

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3 years ago
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Answer:

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given data

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solution

we get revenue hereby the sum of revenue of oct + nov + dec

revenue = price × quantity    .........................1

total revenue = is 99300

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