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Match the Terms with the Definitions

Question 25

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

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