Printem Match the terms below with the correct definitions by clicking first on the user and then the Clear All The sequence of step in the accounting process completed during the fiscal period. Recognition of an expense or a revenue that has been incurred or earned but has not yet been recorded Accrual Adjustments An expense based on the expectation that an asset will gradually decline in usefulness due to time, wear and tear or obsolescence; the cost of Accounting cycle the asset is therefore spread Check My Work 2 more Check My Work uses remaining A 5 4 13 R 19 5 EXE 6 All work saved. 17 O/R 7 Y U EN d 8 9 4 Printem Adjustments Accounting cycle Depreciation Contra account Check My Workmore Check My Work uses lemaning VS 13 S 4 R F N A 5 6 T An expense based on the expectation that an ass will gradually decline in usefulness due to time. wear and test or obsolescence, the cost of the asset is therefore pred out over its estimated usefu life. An account that is contrary to, or a deduction from another account for example, Accumulated Depreciation, Equipment is isted as a deduction from Equipment Internal transactions that bring ledger accounts up-to- date's a planned part of the accounting procedure All work seved V 7 12 * U 8 9