Match the Terms with the Definitions

Multiple Choice

Match the terms with the definitions.
-Obligations that are due within either one year or the normal operating cycle of the business,whichever is longer,and that are to be paid out of current assets.

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