Netting and matching

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November 29, 2020 at 9:17 am #596981
cadhakan
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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
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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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