Multiple Choice
Match the terms with the definitions.
-Accounts that accumulate information across accounting periods; all accounts reported on the balance sheet.
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
Correct Answer:

Verified
Correct Answer:
Verified
Q20: Match the terms with the definitions.<br>-A balance
Q21: Match the terms with the definitions.<br>-Assets that
Q22: The journal entry to close the income
Q23: A post-closing trial balance is used to
Q24: Long-term liabilities may also be called long-term
Q26: Match the terms with the definitions.<br>-Prepared after
Q27: The account to which the drawing account
Q28: Match the terms with the definitions.<br>-Cash and
Q29: The _ account is a temporary account
Q30: A mortgage on an office building is