Problem

Matching Definitions withTermsMatch each definition with its, related term by entering the...

Matching Definitions withTerms

Match each definition with its, related term by entering the appropriate letter in the space provided.

Definition

Term

— (1)A revenue not yet earned: collected in advance

A. Accrued expense

— (2) Rent not yet collected : already earned .

B. Deferred expense

— (3) Property taxes incurred: not yet paid.

C. Accrued revenue

— (4) Rent revenue collected: not yet earned.

D. Deferred revenue

— (5) An expense incurred: not yet paid or recorded.

 

— (6) Office supplies on hand to be used next accounting period.

 

— (7) An expense not ye t incurred: paid in advance.

 

— (8) A revenue earned: not yet collected.

 

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