MATCHING CONCEPT Definition

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MATCHING CONCEPT is the accounting principle that requires the recognition of all costs that are directly associated with the realization of the revenue reported within the income statement.

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TRANSPORTATION OUT is part of cost of selling therefore included as selling expense, i.e. part of SG&A.

FOREX is Foreign Exchange Market. FOREX is a market in which brokers located in various parts of the world trade currencies for many nations. FOREX transactions are not traded in futures markets.

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