Concept Matching

__	1.	Accounting cycle	A.	Accounts Reporting Balances Only During One Accounting Period
__	2.	Unearned income and deferred (Unearned or deferred revenues)	B.	The analysis and updating of the accounts at the end of the period and before the preparation of the financial statements
__	3.	Accumulation system accounting (accrual basis of accounting)	C.	Fixed Asset Cost - Accumulated depreciation ___________________________ ?
__	4.	Expenses or debts accrued (Accrued liabilities or expenses)	D.	Items that are initially recorded as assets but are expected to become expenses over time or through normal business operations
__	5.	Real accounts or permanent (Real accounts)	E.	Income that has been earned but has not been billed or posted to company accounts
__	6.	Fixed assets (or plant assets Fixed assets)	F.	The annual accounting period adopted by a company
__	7.	Book value (book value)	G.	Income and expenses are reported in the income statement in the period in which the cash is received or paid.
__	8.	Cumulative revenues (Accrued revenues or assets)	H.	Accounts that record and maintain balance from period to period
__	9.	Prepaid expenses and deferred (Prepaid expenses or deferred)	I.	Items that are initially recorded as debt but are expected to become income over time and through normal business operations
__	10.	Temporary or nominal accounts	J.	Income and expenses are reported in the Income Statement in the period in which they are earned and incurred respectively.
__	11.	Adjustment process (Adjusting process)	K.	The accounting process that begins with the analysis and recording of the transactions and ends with the preparation of the accounting records for the transactions of the following period
__	12.	Fiscal year	L.	Expenses incurred but not paid or recorded in the company's accounts
__	13.	Cash basis of accounting	M.	Resources that a company owns, uses them in its normal operations, is permanent, and has a long useful life