Multiple choice

According to which concept of accounting, the expenses of a particular period should be charged against the revenue earned during that period?

  1. Dual aspect

  2. matching concept

  3. Cost concept

  4. Realisation concept
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

It states that the expenses of a particular period should be compared with the revenues of that period to calculate the profits or losses of that period.

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