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The matching principle is the concept that as soon as revenues are recorded, linked costs must be recorded simultaneously. For instance, stock could well be charged to the price of merchandise concurrently that a business operator obtained income from the sale of this kind of stock products.

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The place labor costs are a good portion of overall project Value, it will likely be essential for employees to fill out a timesheet so that you can crank out the info to allocate project costs.[six][8]

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