Multiple Choice
Match the terms with the definitions.
-A principle that requires the matching of revenues earned during an accounting period with the expenses incurred to produce the revenues.
A) Adjusted Trial Balance columns
B) Adjusting entries
C) Balance Sheet columns
D) book value
E) contra-asset
F) depreciable cost
G) depreciation
H) fiscal year
I) historical cost principle
J) Income Statement columns
K) market value
L) matching principle
M) plant assets
N) salvage value
O) straight-line method
P) undepreciated cost
Q) useful life
R) work sheet
Correct Answer:

Verified
Correct Answer:
Verified
Q7: The cost of plant assets less the
Q8: Adjusting entries does not always affect both
Q9: The amount of depreciation taken each period
Q10: The modified cash basis of accounting combines
Q11: The 10-column work sheet is used to
Q13: The net income or loss for the
Q14: Match the terms with the definitions.<br>-A twelve-month
Q15: An asset cost $33,000.It has an expected
Q16: Depreciation matches the cost of an asset
Q17: The _ method is a depreciation method