Chapter 4, Problem 2ME

Matching Definitions with Terms

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 yet incurred: paid in advance.
___ (8) A revenue earned: not yet collected.