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The concept that underlies the comparing of expenditure for a period with the revenue of...

Accounts - Principles of Accounts
WAEC 2024

The concept that underlies the comparing of expenditure for a period with the revenue of same period is  

  • A. accrual concept. 
  • B. money measurement concept. 
  • C. matching concept. 
  • D. dual aspect concept.
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Correct Answer: Option C
Explanation

Matching concept emphasis matching expenses against income for the period in which they are incurred.

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