Match the Terms with the Definitions

Multiple Choice

Match the terms with the definitions.
-Cash and assets that will be converted into cash or consumed within either one year or the normal operating cycle of the business,whichever is longer.

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