For each of the following items, select the letter of the best answer and write it in the space provided a.Accounting cycle b.Journal c.Ledger d.Matching principle e.Adjusting entries ...

For each of the following items, select the letter of the best answer and write it in the space provided

a.Accounting cycle

b.Journal

c.Ledger

d.Matching principle

e.Adjusting entries

f.Closing entries

17.The procedure by which all revenue and expense account balances are transferred to retained earnings

18.A presentation of accounting information organized by individual account.

19.The process of reporting, summarizing and reporting accounting information

20.A chronological record of transactions

21.End-of-period entries to update account balances

22.Expenses incurred to generate revenues are recorded in the same period in which the revenues are recorded