Question: Match the accounting term with the corresponding definition. 1. Accrual-basis accounting 2. Matching principle 3. Revenue recognition principle 4. Fiscal period

Match the accounting term with the corresponding definition.
____ 1. Accrual-basis accounting
____ 2. Matching principle
____ 3. Revenue recognition principle
____ 4. Fiscal period
a. Any consecutive 12-month period.
b. Records the impact of a business event as it occurs regardless of whether the transaction affected cash.
c. Records expenses when incurred to sell goods or provide services.
d. Records revenue when it is earned.

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