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In concept, there’s a (when a company can document gross sales revenue), the matching precept Matching PrincipleThe matching principle is an accounting concept that dictates that corporations report bills at the same time as the revenues they’re related (matching bills to revenues), and the accrual precept Accrual AccountingIn monetary accounting, accruals discuss with the recording of revenues that an organization has earned but has yet to obtain fee for, and the.
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