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matching principle (EN)
phrase

phrase “matching principle”

  1. (am Comptabilitéit) de Prinzip, dat verlaangt, datt d'Ausgaben an der selwechter Period opgeholl ginn wéi d'Recetten, déi se hëllefen ze generéieren.
    Even though we paid for the material on January 7 2023, according to the matching principle, the expense was recorded as an accrued expense in 2022 to avoid making our financial statements look better than in reality.