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Glossary > M > "Matching concept" Definition

Matching concept

The accounting principle that requires the recognition of all costs that are associated with the generation of the revenue reported in the income statement.

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Matching concept - The accounting principle that requires the recognition of all costs that are associated with the generation of the revenue reported in the income statement.

Matching concept : the accounting principle that requires the recognition of all costs that are associated with the generation of the revenue reported in the income statement.