Describe double-entry bookkeeping and the matching principle.

Business & Finance
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Describe double-entry bookkeeping and the matching principle.

Dec 13th, 2015

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matching principle states that all expenses must be matched in the same accounting period as the revenues they helped to earn.

double entry bookkeeping is a record keeping system under which every transaction is recorded in at least two accounts.

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Dec 13th, 2015

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