Match the descriptions with their terms :
-A cost allocation process
A) Accounting period concept
B) Cash basis
C) Revenue recognition principle
D) Prepaid expenses
E) Matching principle
F) Accrued revenues
G) Depreciation
H) Post-closing trial balance
I) Accrued expenses
J) Carrying amount

Question

Quizplus · Accepted Answer

Depreciation is a cost allocation process that systematically allocates the cost of a tangible asset over its useful life.

Match the Descriptions with Their Terms