Match the Terms with the Definitions

question 12

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

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Definitions:

Marketing Manager

A professional role responsible for developing, implementing, and overseeing marketing strategies and campaigns to promote a company's products or services.

Monthly Sales

The total revenue generated from goods or services sold by a business within a month.

Variable Expenses

Costs that change in proportion to the activity of a business.

Sales

Revenue generated from the sale of goods or services to customers.