Thought Provocative question/Matching Principle

Dec 5, 2011
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I am new to accounting and this question was on my test.

It was something like this

Last year I forgot to include expenses for travel from our petty cash fund. I though matching means include expenses in the same accounting period they helped to create revenues?

I wasn't sure on that one. I said that the expense should be included because it violates the matching principle. It is contribution to creating the revenue. I wasn't really sure about this, because I don;t really know how it works with the petty cash fund.

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