Questier 1 Not complete Marked out of 2.00 P Rag question Choose the definition that corresponds to the word shown. Accumulated Depreciation Choose... Accounting Period Choose... Permanent Accounts Choose... Book Value Choose Deferred Revenue Choose Accruals Choose... Accrual Basis of Accounting Choose... Temporary Accounts Choose Closing Process Choose.. Check Choose The cumulative amount of depreciation expense taken in all periods The Balance Sheet accounts. Their balances carry forward into the next accounting period. Revenue, expense and dividend accounts. They are returned to a zero balance at the end of an accounting period. Adjustments that show revenue earned but not yet received or recorded, or expenses incurred but not yet paid or recorded Accounting method that allows revenues to be recorded (also known as "recognized in the financial statements and expenses to be The time period to which accounting reports relate. This can be one year, one month, one quarter or even one day. liability created by receiving payment in advance. It is also known as unearned revenue Also known as "closing the books. A step in the Accounting Cycle in which all temporary accounts are closed to Retained Earnings lea The cost of an asset less accumulated depreciation Save Answers Choose... Choose... Choose Choose Choose Choose Choose Choose Choose The cumulative amount of depreciation expense taken in all periods. The Balance Sheet accounts. Their balances carry forward into the next accounting period. Revenue expense and dividend accounts. They are returned to a zero balance at the end of an accounting period. Adjustments that show revenue earned but not yet received or recorded, or expenses incurred but not yet paid or recorded Accounting method that allows revenues to be recorded (also known as recognized in the financial statements and expenses to be recorded in the financial statements whether or not cash has been paid for them yet The time period to which accounting reports relate. This can be one year, one month, one quarter or even one day Aliability created by receiving payment in advance. It is also known as unearned revenue Also known as closing the books". A step in the Accounting Cycle in which all temporary accounts are closed to retained Earnings leaving them with a balance of zero The cost of an asset less accumulated depreciation Placht Reservedel