Matching Concept

Posted in Finance, Accounting and Economics Terms, Total Reads: 1424
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Definition: Matching Concept

The matching concept is an accounting term that identifies and records the expenses in the same accounting period in which the revenues are earned.

Matching concept also uses the accrual accounting principle which says that the revenues are recorded when they are earned and expenses when they are incurred not when the cash actually comes or goes for those transactions.

 



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