Examlex
Which of the following is a cruciferous vegetable?
Adjustments
Modifications made to accounting entries to correct errors or allocate revenues and expenses to the appropriate accounting period.
Match Expenses
The accounting principle that requires expenses to be recorded in the same accounting period as the revenues that are earned as a result of those expenses.
Adjusting Entry
Journal entries made at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.
Balance Sheet Account
An account found on the balance sheet, which is one of the three principal financial statements; these accounts include assets, liabilities, and shareholders' equity.
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