As per ______ concepts in order to determine the profit earned or loss suffered by the business in a particular defined accounting period, it is necessary that expenses of the period should be matched with the revenues of that period.

Accrual concept

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Realization concept

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Accounting period concept

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Matching concept

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Solution

The correct option is D Matching concept
Matching concepts states that the revenue of the period should be matched with the respective expenses

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Similar questions

The number of oscillations per second is called the Time Peroid of oscillation

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+ \sqrt{A} 2

- \frac{\sqrt{3}}{2} A

N_{2} O_{5} \to 2 N O_{2} + \frac{1}{2} O_{2}

2.4 h

10.8 g

N_{2} O_{5}

9.6 h

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