Match the Terms with the Definitions

Multiple Choice

Match the terms with the definitions.
-The period of time required to purchase supplies and services and convert them back into cash.

A) account form of balance sheet
B) accounting cycle
C) classified balance sheet
D) closing process
E) current assets
F) current liabilities
G) Income Summary
H) long-term liabilities
I) operating cycle
J) permanent accounts
K) post-closing trial balance
L) property, plant, and equipment
M) report form of balance sheet
N) temporary accounts