Match the terms in Column I with the definitions in Column II.

closing entries

clearing accounts

preparing a trial balance

permanent accounts

corporation

financial accounting

an accounting period

a partnership

accounts payable

management accounting

A. the period covered by an accounting report.

B. Includes 2 (or more) people.

C. reporting information to management

D. income summary

E. the period covered by an accounting report

F. close temporary account

G. the fifth step in the accounting cycle

H. continue from one accounting period to the next

I. reporting information to external users

J. has an identity of its own and is recognized by law

K. liability