Select the One Term That Best Fits Each Definition

Multiple Choice

Select the one term that best fits each definition
-A planned process designed to compile financial data and summarize the results in accounting records and reports.

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