Multiple Choice
Match the terms with the definitions.
-The third pair of amount columns on the work sheet.Used to prove the equality of the debits and credits in the general ledger accounts after making all end-of-period adjustments.
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
Q16: Depreciation matches the cost of an asset
Q17: The _ method is a depreciation method
Q18: Match the terms with the definitions.<br>-A principle
Q19: The original cost of an asset added
Q20: The time an asset is expected to
Q22: An account used with a related account
Q23: If the debits in the Income Statement
Q24: Match the terms with the definitions.<br>-A form
Q25: If the book value of an asset
Q26: The balance sheet reports<br>A) liabilities.<br>B) revenue.<br>C) expenses.<br>D)