Question
I need help with some simple account questions. I will post them online once accepted. Here is one to start: Match the items below by
I need help with some simple account questions. I will post them online once accepted. Here is one to start:
Match the items below by entering the appropriate code letter in the space provided
Periodicity assumption
Cash basis
Revenue recognition principle
Prepaid expenses
Expense recognition principle
Accrued revenues
Depreciation
Post-closing trial balance
Accrued expenses
A.
Revenues earned but not yet received
B.
Events recorded only in periods the company receives or pays cash
C.
Efforts are related to accomplishments
D.
Revenue is recognized when the performance obligation is satisfied.
E.
Expenses paid before they are incurred
F.
A cost allocation process
G.
Includes only permanentbalance sheetaccounts
H.
The economic life of a business can be divided into artificial time periods
I.
Expenses incurred but not yet paid
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