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Matching concept tells about the revenue and expenses, whether they are related to current year or not, whether expenses incurred are matched with revenue earned or not.

siva chaitanya

CA Final

★ 13K+

11-Jun-22 15:09

Money measurement concept tells that the transactions should be recorded in books of accounts only in terms of money, non monetary transactions should be ignored

siva chaitanya

CA Final

★ 13K+

11-Jun-22 15:13

Hope you understood

siva chaitanya

CA Final

★ 13K+

11-Jun-22 15:14

Thanks!

Thread Starter

Be The Change

CA Inter

★ 11K+

11-Jun-22 15:28

Matching concept says that revenue and expense relating to a financial year should be matched with the same year and should not be carried forward to subsequent years.Money measurement concept says that all the transactions should be denoted in terms of money and not in other terms

Shankari C

CA Inter

★ 3K+

18-Jul-22 14:28