ACCT 201 Case Spring 2018 Page 11 7. Identify each term definition below: .a. Obligations that the company expects to pay after one year b. Principle that requires that companies include in the accounting records only transoction data that con be expressed in terms of money c.Cost of assets consumed or services used in the process of earning revenue d. The entire group of accounts maintained by a company e. List the four financial statements _ f. List of general ledger occounts and ther balances at agnen tme. - g. The right side of an account h. Amounts owed by customers that result from the sale of goods and services i. Goods held for sale to customers j. The process of comparing the bonks balance of an account to the company's balance and explaining any differences to make them agree. k A dishonest act by an employee thet results in personal benefit to the employee at a cost to the employer L List the three types of temporary (nominal) accounts m. Revenues and expenses and goins and losses that are unrelated to the Compony's main operations n Process of allocating the cost of a plant asset to expense over its useful life