Match the Following Terms with the Appropriate Definition

Multiple Choice

Match the following terms with the appropriate definition.
-Items paid for in advance of receiving their benefits; recorded as an asset when purchased and expensed when used.

A) Adjusting entry
B) Unadjusted trial balance
C) Prepaid expenses
D) Natural business year
E) Accrued expenses
F) Adjusted trial balance
G) Report form balance sheet
H) Accounting period
I) Profit margin
J) Contra account