Match the items below by entering the appropriate code letter in the space provided.

	A twelve month accounting period
	Expenses paid before they are incurred
	Cost less accumulated depreciation
	Divides the economic life of a business into artificial time periods
	A contra asset account
	Recognition of revenue when the performance obligation is satisfied
	Revenues recognized but not yet received
	Expenses incurred but not yet paid
	A cost allocation process
	An optional tool which facilitates the preparation of financial statements.
	A temporary account used in the closing process.
	Balance sheet accounts whose balances are carried forward to the next period.
	Entries at the end of an accounting period to transfer the balances of temporary accounts to a permanent stockholders equity account.
	Entries to correct errors made in recording transactions.
	The exact opposite of an adjusting entry made in a previous period.

A.	Fiscal year
B.	Income Summary
C.	Revenue recognition principle
D.	Closing entries
E.	Accrued expenses
F.	Accumulated depreciation
G.	Book value
H.	Prepaid expenses
I.	Worksheet
J.	Accrued revenues
K.	Reversing entry
L.	Depreciation
M.	Time period assumption
N.	Correcting entries
O.	Permanent accounts