The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

MATCHING PRINCIPLE Definition & Legal Meaning

Definition & Citations:

An Accounting term that is a fundamental concept of accrual basis accounting. It offsets revenue by expenses based on their cause-and-effect relationship. It states that the costs incurred in a period should be matched against the revenue generated in the same period while measuring net income for an accounting period,.


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