Example of matching concept class 11. Q5. Matching Concept: The concept of matching emphasises that expenses incurred in an accounting period should be matched with revenues during that period. Example: If rent is paid for March, it should be matched with March’s revenue to calculate accurate profit. Jul 23, 2025 · What is Matching Concept in Accounting? The matching concept, also known as the matching principle or accrual accounting principle, is a fundamental concept in accounting that guides the recognition of revenues and expenses. We will send OTP for verification. com Answer: Matching Concept states that all expenses incurred during the year, whether paid or not, and all revenues earned during the year, whether received or not, should be taken into account while determining the profit of that year. Oct 13, 2021 · Here I have explained the Matching Concept of accounting in simple way with a numerical example. Create a free account and access courses, free classes & more. Get subscription and access unlimited live and recorded courses from India's best educators. What is the Matching Concept? Give an example. It follows from this that the revenue and expenses incurred to earn these revenue must belong to the same accounting period. Introduction to Accounting - Basics Concepts • Basic Concept of Accounting By Saheb See full list on vedantu. Ans: Expenses should be matched with the revenues of the same accounting period. 8. . dtkcmjrx yeipa jcejuwvu zewds xhnzlp hpewa oplpo fkm pzqoq lgxj