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QUESTIONS Match the term and explanation Cash Basis Net Profit Margin Ladusted Trail Balance Prepard Expense A Alability account indicating customers have already paid for

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QUESTIONS Match the term and explanation Cash Basis Net Profit Margin Ladusted Trail Balance Prepard Expense A Alability account indicating customers have already paid for services not yet rendered A ratio that indicates the percent of each revenue dollar that is left over after covering costs and expenses CAs of account balances when the accounts do not yet include all revenues and expenses. D. A company's policy that revenues should be reported in the ancial statements when carned. Eeporting expenses and revenues according to the time the money is paid or received 5. An indication that a company has already paid a cost not yet incurred 6. The concept that expenses should be reported at the same time as the related revenue Unearned Revenue Revenue Recognition Principle Expense Recognition Principle

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