Question

Explain the term : Matching concept​

Answer 1

Matching Concept in Accounting. ... The matching conceptrepresents the primary differences between accrual accounting and cash basis accounting. "Matching"means that firms report revenues and the expenses that brought them in the same period.

Answer 2

matching concept

according to this concept the revenue and expenses which are done or happened in the business should always be matched of same time period.

like as we can't compare the revenue of 1st year to second year expenses n vice versa