ACCT 201 Case Spring 2019 Doggie Dining, Inc. Part 2 1. Identify each term definition below: Comunt liablitis a. Obligations that the company expects to pay after one year. b. Principle that requires that companies include in the accounting records only transaction data that can be expressed in terms of money. c. Cost of assets consumed or services used in the process of earning d. The entire group of accounts maintained by a company. e. List the four financial statements revenue. f. List of general ledger accounts and their balances at a given time 9. The right side of an account. h. Amounts owed by customers that result from the sale of goods and services. i. Goods held for sale to customers. j. The process of comparing the bank's balance of an account to the company's balance and explaining any differences to make them agree. k. A dishonest act by an employee that results in personal benefit to the employee at a cost to the employer. I. List the three types of temporary (nominal) accounts m. Revenues and expenses and gains and losses that are unrelated to the Company's main operations n. Process of allocating the cost of a plant asset to expense over its useful life