Match the Term with the Proper Definition:

Terms: List of possible Definitions. Match the below definitions to the Terms by using A,B,C etc.

Liabilities = __ A. Found on financial statements on the right-hand side.

Revenue = __ B. where transactions are recorded.

Year End = __ C. funds that the organization earns

Credit = __ D. found on financial statements on the left-hand side

Period = __ E. process for closing the books for the fiscal year.

Assets = __ F. Money the organization owes to other parties, including employees and government.

Account = __ G. items that hold value for an organization

Debit = __ H. Refers to an accounting time frame.

Net Assets/Equity = __ I. Value of the organization

Accounts Payable = __ J. Money owed for items that have not yet been paid for.