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QUESTION #2 I Please match the following with the descriptions below: A. Accounting F. Balance...

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Accounting

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QUESTION #2 I Please match the following with the descriptions below: A. Accounting F. Balance sheet B. Full disclosure principle G. Expense recognition principle C. Revenue recognition principle H. Sales discount D. Perpetual inventory system I Periodic inventory system E. Temporary (nominal) account J. Net Income 1. process of organizing, analyzing, and communicating financial information that is used for decision-making. 2. (also referred to as the matching principle) matches expenses with associated revenues in the period in which the revenues were generated. business must report any business activities that could affect what is reported on the financial statements. 3. 4. period of time in which you perform the service or gave the customer the product 4

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