Select the One Term That Best Fits Each Definition

Multiple Choice

Select the one term that best fits each definition
-An increase in equity resulting from the sale of goods or services.

A) accounting system
B) accrual basis of accounting
C) adjusting entries
D) balance sheet
E) chart of accounts
F) closing entries
G) creditor
H) expense
I) posting
J) income statement
K) permanent accounts
L) revenue
M) T account
N) temporary accounts
O) trial balance