A company records expenses for goods purchased on credit, even though the payment is not due for 60 days. This practice is primarily governed by which accounting concept?

Match List-I (Accounting Principle) with List-II (Description): List-I: I. Business entity principle II. Going concern principle III. Accounting period principle IV. Dual aspect principle List-II: (a) The business will operate for a long period and will not be dissolved in the near future (b) The accounting equation: Assets = Capital + Liabilities (c) Personal affairs of the owners should not be mixed with business (d) The life of an enterprise is broken into smaller periods to assess performance (e) Revenues match with expenses of the period Select the correct matching:

What is the Matching Principle in accounting?