MATCHING PRINCIPLE
\mˈat͡ʃɪŋ pɹˈɪnsɪpə͡l], \mˈatʃɪŋ pɹˈɪnsɪpəl], \m_ˈa_tʃ_ɪ_ŋ p_ɹ_ˈɪ_n_s_ɪ_p_əl]\
Sort: Oldest first
-
An Accounting term that is a fundamental concept of accrual basis accounting. It offsets revenue by expenses based on their cause-and-effect relationship. It states that the costs incurred in a period should be matched against the revenue generated in the same period while measuring net income for an accounting period,.
By Henry Campbell Black
Word of the day
Procollagen Proline Dioxygenase
- mixed-function oxygenase that catalyzes hydroxylation prolyl-glycyl-containing-peptide, usually in protocollagen, hydroxyprolylglycyl-peptide. The enzyme utilizes molecular oxygen with a concomitant oxidative decarboxylation of 2-oxoglutarate to succinate. EC 1.14.11.2.