Match the terms with the definitions.
-The process of giving zero balances to the temporary accounts so that they can accumulate information for the next accounting period.
A) account form of balance sheet
B) accounting cycle
C) classified balance sheet
D) closing process
E) current assets
F) current liabilities
G) Income Summary
H) long-term liabilities
I) operating cycle
J) permanent accounts
K) post-closing trial balance
L) property, plant, and equipment
M) report form of balance sheet
N) temporary accounts
Correct Answer:
Verified
Q100: A(n)_ balance sheet shows the assets on
Q101: Match the terms with the definitions.
-A temporary
Q102: Match the terms with the definitions.
-Obligations that
Q103: Match the terms with the definitions.
-Accounts that
Q104: Match the terms with the definitions.
-Accounts that
Q105: Match the terms with the definitions.
-Obligations that
Q106: Match the terms with the definitions.
-Cash and
Q107: Match the terms with the definitions.
-The steps
Q108: Match the terms with the definitions.
-Assets that
Q110: Match the terms with the definitions.
-A balance
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