MATCHING PRINCIPLE Definition

Bookmark and Share

MATCHING PRINCIPLE see MATCHING CONCEPT.

Learn new Accounting Terms

VALUE ADDED is the difference, at each stage of production or the provisioning of a service, between the price of a product or service and all materials or activities paid for to produce the product or provide the service.

OVERALL REVIEW, in accounting, is the stage of the audit where the assessment of conclusions reached and evaluation of the overall financial statement presentation. The overall review includes reading the financial statements and notes and considering adequacy of evidence gathered in response to unusual or unexpected balances. Results of an overall review may indicate the need for additional evidence.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.