Nancy Dutta India 1k Questions 2k Answers 18 Best Answers 4k Points View Profile 0 Nancy Dutta Asked: May 6, 20202020-05-06T22:11:58+05:30 2020-05-06T22:11:58+05:30In: Education What is matching concept. 0 What is matching concept. basic questions Share Facebook 2 Answers Voted Oldest Recent Newton D India 361 Questions 225 Answers 1 Best Answer 1k Points View Profile Newton Dutta Added an answer on May 6, 2020 at 10:54 pm The matching principle is important because the proper matching of expenses and revenues gives a more accurate appraisal of the results of operations, helps to avoid distortion of the financial position of the business, and improves the quality of the financial statements. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Abhinav.arjun47 Moradabad, India 1k Questions 2k Answers 14 Best Answers 4k Points View Profile Abhinav.arjun47 Added an answer on May 6, 2020 at 10:18 pm The matching concept is an accounting practice whereby firms recognize revenues and their related expenses in the same accounting period. Firms report “revenues,” that is, along with the “expenses” that brought them. The purpose of the matching concept is to avoid misstating earnings for a period. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Leave an answerLeave an answerCancel reply Featured image Select file Browse Save my name, email, and website in this browser for the next time I comment.