Match the terms with the definitions.
-The third pair of amount columns on the work sheet.Used to prove the equality of the debits and credits in the general ledger accounts after making all end-of-period adjustments.
A) Adjusted Trial Balance columns
B) Adjusting entries
C) Balance Sheet columns
D) book value
E) contra-asset
F) depreciable cost
G) depreciation
H) fiscal year
I) historical cost principle
J) Income Statement columns
K) market value
L) matching principle
M) plant assets
N) salvage value
O) straight-line method
P) undepreciated cost
Q) useful life
R) work sheet
Correct Answer:
Verified
Q101: Match the terms with the definitions.
-The amount
Q102: Match the terms with the definitions.
-A depreciation
Q103: Match the terms with the definitions.
-A method
Q104: Match the terms with the definitions.
-The period
Q105: Match the terms with the definitions.
-Journal entries
Q107: Match the terms with the definitions.
-An account
Q108: Match the terms with the definitions.
-Assets of
Q109: Match the terms with the definitions.
-A twelve-month
Q110: Match the terms with the definitions.
-The expected
Q111: Match the terms with the definitions.
-A form
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