Review the meaning of the following concepts or terms discussed in this chapter:

a Revenue.

b Expense.

c Expense versus dividend.

d Temporary and permanent accounts.

e General journal entries.

\(f\) Adjusting entries.

g Closing entries.

h Unadjusted trial balance.

i Adjusted trial balance.

j Contra account.

k Accrual basis of accounting.

I Merchandise inventory.
m Raw materials inventory.
n Work-in-process inventory.
o Finished goods inventory.
p "Flow of costs."
q Work sheet.