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Match the Key Term with the definition Matching principle Measurement principle Revenue recognition principle Posting Contra account [Choose ] [Choose] Current assets plus equity
Match the Key Term with the definition Matching principle Measurement principle Revenue recognition principle Posting Contra account [Choose ] [Choose] Current assets plus equity format A balance sheet account linked to an income statement account The life of the company can be divided into time periods Initial recording of the debits and credits Account linked to another balance sheet account Revenues are shown when cash is received Accounting information is based on cost Allocation of costs of assets over their expected useful life How to expense intangible assets Organizes assets and liabilities into subgroups Company records the expenses used to generate revenues Revenue is recognized when goods or services are provided Shows assets in one category Transferring information to the ledger Depreciation [Choose] Classified balance sheet [Choose ]
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