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

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Oct 21st, 2014
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Oct 21st, 2014
Feb 27th, 2017
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