Question 4: Match each term to its definition Income is recorded when cash is received, expenses are recorded when paid Behind the scenes DROP HERE Expenses must match revenues during the same accounting period Activities PROFHERE The accounting QuickBooks performs when a transaction is recorded GAP Organization that creates principles used in the U.S. to prepare financial statements Cash basis What the user enters on forms such as invoices of its Matching principle Principles generally accepted in the accounting world FASS Copyright 2020. Labyrinth Learning - All Rights Reserved MacBook Air