Inflows of assets into a business in exchange for its goods or services are called _________ in accounting.

The accounting principle that requires expenses to be deducted from the revenues they help to produce is called the ___________principle.

Unrecorded expenses for which payment is not due and which must be recorded with adjusting entires at the end of an accounting period are called (what type of adjusting entry) ______________

The _____________ principle requires financial statement information to be supported by evidence other than someone's opinion or imagination.

The income statement is a financial statement that shows ________ and ________ during a specified period of time.

Only balance sheet accounts should have balances appearing on the post-closing trial balance because the balances of all temporary accounts are reduced to _______ in the closing procedures.