The National Directory of Certified Public Accountants

Ask A CPA - Bookkeeping & Write-up

What Is The Matching Principal ?

The matching principle states that income is calculated by matching a period's revenues with the expenses incurred in order to bring about that revenue. The accrual concept is used to accomplish the matching principal. The bookkeeper will set up accruals of income earned but not received and expenses incurred but not paid to get a better matching of the company's income and expenses for a period.

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