Matching

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

A$.$ Time period assumption F$.$ Accrued revenues

B$.$ Fiscal year G$.$ Depreciation

C$.$ Revenue recognition principle H$.$ Accumulated depreciation

D$.$ Prepaid expenses I. Accrued expenses

E$.$ Expense recognition principle J$.$ Book value

$\_\_\_\_1.$ A twelve month accounting period

$\_\_\_\_2.$ Expenses paid before they are incurred

$\_\_\_\_3.$ Cost less accumulated depreciation

$\_\_\_\_4.$ Divides the economic life of a business into artificial time periods

$\_\_\_\_5.$ Efforts are related to accomplishments

$\_\_\_\_6.$ A contra asset account

$\_\_\_\_7.$ Recognition of revenue when the performance obligation is satisfied

$\_\_\_\_8.$ Revenues recognized but not yet received

$\_\_\_\_9.$ Expenses incurred but not yet paid

$\_\_\_\_10.$ A cost allocation process