{"id":102717,"date":"2022-04-23T15:59:31","date_gmt":"2022-04-23T10:29:31","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=102717"},"modified":"2022-04-23T15:59:32","modified_gmt":"2022-04-23T10:29:32","slug":"matching-concept-means","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/matching-concept-means\/","title":{"rendered":"Matching concept means"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><strong>Q. Matching concept means<\/strong><\/h3>\n\n\n\n<p>A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expenses should be matched with the revenue of the period<\/p>\n\n\n\n<p>B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Assets = capital + liabilities<\/p>\n\n\n\n<p>C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transactions recorded at accrual concept<\/p>\n\n\n\n<p>D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Anticipate no profit but recognize all losses<\/p>\n\n\n\n<p>Answer: Expenses should be matched with the revenue of the period<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Matching concept means<\/p>\n","protected":false},"author":419,"featured_media":102718,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3959],"tags":[],"offerexpiration":[],"class_list":["post-102717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-accounting-mcqs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/102717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/419"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=102717"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/102717\/revisions"}],"predecessor-version":[{"id":102719,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/102717\/revisions\/102719"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/102718"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=102717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=102717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=102717"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=102717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}