Multiple Choice
Match the following terms with the appropriate definition.
-A balance sheet that lists items vertically in the order of assets,liabilities and equity.
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
Correct Answer:

Verified
Correct Answer:
Verified
Q42: A salary owed to employees is an
Q51: Which of the following statements is incorrect?<br>A)An
Q126: The accrual basis of accounting reflects the
Q133: The entry to record a cash receipt
Q201: The current ratio is computed by dividing
Q202: _ is the process of allocating the
Q206: For each of the following two separate
Q250: On December 1,Simpson Marketing Company received $3,600
Q251: Match the following types of adjustments with
Q258: The following unadjusted and adjusted trial balances