Explanation:

Matching is the accounting concept that specifies the practice of crediting closing stock to the trading account. Explanation: Matching concept in accounting states that revenue and the expenses made to earn the revenue should be matched. 

Matching principle is the accounting principle that requires that the expenses incurred during a period be recorded in the same period in which the related revenues are earned. This principle recognizes that businesses must incur expenses to earn revenues.

The principle is at the core of the accrual basis of accounting and adjusting entries. It is a part of Generally Accepted Accounting Principles (GAAP). The matching principle is based on the cause and effect relationship. If there’s no cause and effect relationship, then the accountant will charge the cost to the expense immediately.