The matching concept, or matching principle, is a fundamental element of accrual-basis accounting. In accrual accounting, a company records revenue in its books as soon as it has done everything ...

The generally accepted accounting matching principle requires manufacturing and service businesses to include direct and overhead expenses in product and service costs and, when appropriate, in ...

The maturity structure of debt matches the maturity of projects or assets held by the firm. Short-term assets are financed by short-term debt and long-term assets are financed by long-term debt. In ...

We all are aware of the well-known doctrine of caveat emptor commonly used in contract law which places burden on the buyer to be aware about the condition of the product purchased and assume the risk ...