1. Please take a look at the article regarding "Accrual Accounting vs. Cash Basis Accounting: What's the Difference?"

https://www.investopedia.com/ask/answers/09/accrual-accounting.asp

What are your thoughts?

2. Transactions are recorded using the accrual accounting method of accounting as they occur rather than when money is received or paid. It follows that regardless of when money is exchanged, income and costs are recorded in the period in which they are earned or incurred.

One of the core ideas of accrual accounting is the matching principle. Could you give an instance of the matching principle's application in a particular firm or industry?