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Match the Following Terms with the Appropriate Definition

Question 2

Multiple Choice

Match the following terms with the appropriate definition.
-Costs that are incurred in a period but are both unpaid and unrecorded,requiring an adjustment at the end of the period.


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:

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