Match the Following Terms with the Appropriate Definition

Multiple Choice

Match the following terms with the appropriate definition.
-The accounting system that recognizes revenue when cash is received and records expenses when cash is paid.

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