Match the Terms with the Definitions

Multiple Choice

Match the terms with the definitions.
-A balance sheet in which the assets are on the left and the liabilities and the owner's equity sections are on the right.

A) account form of balance sheet
B) accounting cycle
C) classified balance sheet
D) closing process
E) current assets
F) current liabilities
G) Income Summary
H) long-term liabilities
I) operating cycle
J) permanent accounts
K) post-closing trial balance
L) property, plant, and equipment
M) report form of balance sheet
N) temporary accounts