253320
| Questão | Responda |
| The period of time over which the earnings of a business are measured. | accounting period fiscal period |
| A list of the accounts of a business and their numbers, arranged according to their order in the ledger. | chart of accounts |
| A decrease in owner's equity resulting from a personal withdrawal of funds or other assets by the owner. | drawings |
| A decrease in equity resulting from the costs of the materials and services used to produce the revenue. | expense |
| A financial statement that summarizes the items of revenue and expense, and shows the net income or net loss of a business, for a given fiscal period. | income statement |
| Each expense item related to revenue earned must be recorded in the same accounting period as the revenue it helped to earn. | matching principle |
| The difference between total revenues and total expenses if the revenues are greater than the expenses. | net income |
| The difference between total revenues and total expenses if the expenses are greater than the revenues. | net loss |
| An increase in equity resulting from the proceeds of the sale of goods or services. | revenue |
| Revenue be recorded in the accounts at the time the transaction is completed. | revenue recognition convention |
| Accounting takes place over specific time periods known as fiscal periods. | time period concept |
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