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Match the Items Below by Entering the Appropriate Code Letter

Question 179

Matching

Match the items below by entering the appropriate code letter in the space provided.

Premises:
An accounting period of 12 months or 52 weeks
A Trial Balance prepared after the adjusting entries have been made
Revenues earned but not yet received
An accounting period of less than 12 months
Cash which has been received in advance of services being performed
A cost allocation process
A contra asset account
Expenses paid before they are incurred
Expenses incurred but not yet paid
Original cost less accumulated depreciation
Responses:
Adjusted Trial Balance
Unearned revenue
Prepaid expenses
Accrued expenses
Depreciation
Accrued revenues
Fiscal year
Interim period
Carrying amount
Accumulated depreciation

Correct Answer:

An accounting period of 12 months or 52 weeks
A Trial Balance prepared after the adjusting entries have been made
Revenues earned but not yet received
An accounting period of less than 12 months
Cash which has been received in advance of services being performed
A cost allocation process
A contra asset account
Expenses paid before they are incurred
Expenses incurred but not yet paid
Original cost less accumulated depreciation
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