Match the Following Terms with the Appropriate Definition

Multiple Choice

Match the following terms with the appropriate definition.
-The accounting system that uses the adjusting process to recognize revenues when earned and expenses when incurred.

A) Accrued revenues
B) Expense recognition (matching) principle
C) Cash basis accounting
D) Depreciation
E) Accrual basis accounting
F) Interim financial statements
G) Straight-line depreciation
H) Time period assumption
I) Fiscal year