Match each definition with its related term by selecting the appropriate letter which is listed below.

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Definition

Record expenses when incurred in earning revenue.

A liability account used to record the obligation to provide future services or return cash that has been received before revenues have been earned.

Costs that result when a company sacrifices resources to generate revenues.

Record revenues when earned, not necessarily when cash is received.

Record revenues when received and expenses when paid.

A type of asset account used to record the benefits obtained when cash is paid before expenses are incurred.

Record revenues when earned and expenses when incurred.

The amount charged to customers for providing goods or services.

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