Match the Terms with the Definitions

Multiple Choice

Match the terms with the definitions.
-Accounts that do not accumulate information across accounting periods but are closed,such as the drawing account and all income statement accounts.

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