Match the accounting term with its correct definition.

the process of recording revenue in the accounting period in which it was earned; this is not necessarily when cash is received

is an expense that has been incurred but has not yet been paid or recorded

the process of recognizing revenues when earned and expenses when incurred regardless of when cash is exchanged; it forms the basis of GAAP

is a trial balance where the accounts have not yet been adjusted

is a revenue that has been earned but has not been collected or recorded

requires that expenses be reported in the same period as the revenues they helped generate

$1.$

revenue recognition

$2.$

accrual accounting

$3.$

matching principle

$4.$

unadjusted trial balance

$5.$

accrued revenue

$6.$

accrued expense