Sort the accounting words
Exercise and reference answers
- Items
- Group
- Bases
- Item
- Accrual basis
- Group
- Bases
- Item
- Cash basis
- Group
- Bases
- Item
- Tax basis
- Group
- Principles
- Item
- Revenue rule
- Group
- Principles
- Item
- Matching
- Group
- Principles
- Item
- Time period
- Group
- Entries
- Item
- Prepaid rent
- Group
- Entries
- Item
- Accrued wages
- Group
- Entries
- Item
- Depreciation
- Groups
- Item
- Bases
- Item
- Principles
- Item
- Entries
- Instructions
- Drop each word onto bases, principles or entries.
Explanation
_Source: OpenStax Principles of Financial Accounting, Chapter 4, The Adjustment Process._