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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