Describe a three-way match.
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 1Q: What is the matching principle?
Related questions
Question
Describe a three-way match.
Expert Solution
Step 1
Accounting Information System (AIS):
The system which helps to gather, store and process the accounting and financial information of a company is known as an accounting information system. Internal users report the accounting data to external users for taking an investing decision.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College