Match the following terms with the appropriate definition.
-A balance sheet that lists items vertically in the order of assets,liabilities and equity.
A)Adjusting entry
B)Unadjusted trial balance
C)Prepaid expenses
D)Natural business year
E)Accrued expenses
F)Adjusted trial balance
G)Report form balance sheet
H)Accounting period
I)Profit margin
J)Contra account

Question

Quizplus · Accepted Answer

A report form balance sheet is the format where the balance sheet is presented vertically, listing assets at the top followed by liabilities and shareholders' equity.

Match the Following Terms with the Appropriate Definition