Related articles:
Revenue recognition
Depreciation
Key terms:
costs
expenses
period
cash
sale
goods
revenue
accounting
assets
recognized
paid out
matching
latter
fictitious
accrual
incurred
received
income
such costs
accrued expenses
offset
timing
prevent
results
related
liability
prepayments
accounting period
proceeds
earned
allows
unpaid
monthly
obligation
deferred expenses
otherwise
prepaid expenses
commission
goods or services
fictitious profit
same amount
counterpart
fictitious loss
cash is paid out
depreciation
latter period
recognized as expenses
amount is deducted
item is recognized
according to the matching principle
Search external links cited by footnotes on Wikipedia page Matching principle:
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