Match the listed term with the correct definition Accrual Accounting 1. Cash accounting Adjusting entry Prepaid Expenses Depreciation Contra account Book Value Accrued Expenses Accrued Revenues Unearned Revenues Accounting Period Accumulated Depreciation Journal Entry Fiscal year Adjusted Trail Balance Plant assets Unadjusted Trail Balance to a. Expenses paid before the expense is incurred. b. An account with a normal balance on the side of a T- Account opposite other accounts within its account classification Revenues that have been earned but the cash has not been collected as of the end of an accounting period. d. Long-term tangible assets used to generate revenue. e Recognizes revenues when earned and expenses when incurred f. Trial Balance before the adjusting entries are completed g. Entry used to record a financial transaction from source documents h. The process of spreading the cost of a long-lived asset over its useful life. Recognizes revenue when the cash is received and expenses when the cash is spent. 1. Account used to record the total amount of depreciation expensed over the life of an asset. k Trial Balance completed after the adjusting entries are complete. 1. Entry that ensures revenues and expenses are recorded in the correct accounting period. m. Any 12 consecutive months or 52 weeks. n. An asset's original cost less the balance of its associated accumulated depreciation account o. Expenses that have been incurred but not paid for at the end of an accounting period. P. Cash collected before the revenue is earned. q. The period of time a company uses to complete an entire accounting cycle. Can be monthly, quarterly or annually, Click Save and Submit to save and submit. Click Save All Answers to save all answers Save