Match the following terms with the appropriate definition. Accrued revenues N Accrual basis accounting Time period assumption Expense recognition Imatching principle 6 5 Interim financial statements Cash basis accounting A set of financial statements that covers less than one year, typically one, three, or six months of activity - The accounting system that recognizes revenue when cash is received and records expenses when cash is paid. - Revenues earned in a period that are both unrecorded and not yet received in cash or other assets. The accounting system that uses the adjusting process to recognize revenues when earned and expenses when incurred. Aims to record expenses in the same accounting period as the revenues that are earned as a result of those expenses. Assumes that an organization's activities can be divided into specific time periods such as months, quarters, or years