Matching principle and realization principle are the two most important concepts in accrual basis of accounting these concepts are not used in cash basis of accounting do you agree or not why?

Expenses which have been carried out but cash is not paid in the same month are accrued and when they are actually paid in cash the accrual is adjusted and cash is credited. the process is done under Matching Principle. Similarly when goods or services are being carried out but yet not completed at the period close, the revenue can be booked as accrued. When work is completed the revenue is realized and accrual is adjusted to book the revenue to receivable. This is called Realization Principle. As both these principles base on accrual therefore they are not directly applied to cash based accounting.

The Realization principle is a standard according to which the revenue is put into books only when it is earned. This happens when a product has been sold or a service has been provided. Contrary to this, matching principle states that while mentioning the net income of a period in the books, it is necessary to match the expenses as well as the revenues in the same period. The revenues and the cost incurred during the production etc are to be compared against each other. These principles are not used in cash accounting because the sale of a product or service or the earning of Revenues may not necessarily be through a Cash transaction.