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Question

Recognition of cost in the same period as associated revenues is known as?



A

Matching

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B

Money Measurement          

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C

Dual Aspect

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D

Cost concept

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Solution

The correct option is A

Matching


The matching concept states that expenses should be matched with revenues of the same period. Matching does not mean the amounts being same, it only means expenses and revenues should be of the same period.


Accountancy

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