Define the gaap that justify making adjusting entries

Accounting
Tutor: None Selected Time limit: 1 Day

Define the gaap that justify making adjusting entries.

Oct 21st, 2014

Matching principle:Expenses have to be matched with revenues as long as its possible and reasonable to do so , this allows to determine how much was spent to generate a certain revenue , so actual profitability and performance can be evaluated

Oct 21st, 2014

Did you know? You can earn $20 for every friend you invite to Studypool!
Click here to
Refer a Friend
...
Oct 21st, 2014
...
Oct 21st, 2014
May 22nd, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer