Learn how India’s Income Tax Act, 1961, incorporates and sometimes deviates from key accounting concepts like matching, ...

Learn the core accounting principles for consignment and joint ventures. Understand the differences, key features, and accounting treatments for these business ...

The matching concept, or matching principle, is not an alternative to accrual accounting, but rather a fundamental element of it.

The article revisits the matching principle in accounting, exploring its historical development and implications for financial reporting and decision-making.