A principle of accounting that relates to matching production costs and the amount of revenue that they create. The concept takes notice of the time difference between costs and sales and allows companies to understand when and how much money is coming in at certain times based on the costs that relate to those sales.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser