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Netting and matching

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Netting and matching

Viewing 2 posts - 1 through 2 (of 2 total)
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  • November 29, 2020 at 9:17 am #596981
    cadhakan
    Participant
    • Topics: 71
    • Replies: 123
    • ☆☆

    Hi sir,

    I am not able to understand the difference between this two words. Can you please explain me what is the difference between this two.

    November 30, 2020 at 9:39 am #597079
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54662
    • ☆☆☆☆☆

    Netting is cancelling out a payment with a receipt so as to only convert the net amount.

    Matching is having income and expense in the same currency.

    I do explain both – with examples – in my free lectures on Chapter 23 of the free lecture notes.

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