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Match the items below by entering the appropriate code letter in the space provided. A. Time period assumption F. Accrued revenues B. Fiscal year G.
Match the items below by entering the appropriate code letter in the space provided. A. Time period assumption F. Accrued revenues B. Fiscal year G. Depreciation C. Revenue recognition principle H. Accumulated depreciation D. Prepaid expenses I. Accrued expenses E. Matching principle J. Book value _____ 1. A twelve month accounting period _____ 2. Expenses paid before they are incurred _____ 3. Cost less accumulated depreciation _____ 4. Divides the economic life of a business into artificial time periods _____ 5. Efforts are related to accomplishments _____ 6. A contra asset account _____ 7. Recognition of revenue when it is recorded when earned _____ 8. Revenues earned but not yet received _____ 9. Expenses incurred but not yet paid _____ 10. A cost allocation process
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