What accounting principle governs the timing of revenue recognition?

Matching Principle governs the timing of revenue recognition.

Joshi Mathew

Certified Internal Auditor #1036906

c. Matching principle 

c

Under this principle revenue is to be recorded when it is realized (or realizable), revenuesare recognized as soon as a product has been sold or a service has been performed, regardless of when the money is actually received.

Under matching principle of the accrual basis of accounting:

Revenues are reported on the income statement when they are earned- before the cash is received from the customers.