Listed as follows are nine technical accounting terms.

Unrecorded revenue Adjusting entries Accrued expenses
Book value Matching principle Accumulated depreciation
Unearned revenue Materiality Prepaid expenses

Each of the following statements may (or may not) describe one of these technical terms. For each statement, indicate the accounting term described, or answer "None" if the statement does not correctly describe any of the terms.

a. The net amount at which an asset is carried in the accounting records as distinguished from its market value.
b. An accounting concept that may justify departure from other accounting principles for purposes of convenience and economy.
c. The offsetting of revenue with expenses incurred in generating that revenue.
d. Revenue earned during the current accounting period but not yet recorded or billed, which requires an adjusting entry at the end of the period.
e. Entries made at the end of the period to achieve the goals of accrual accounting by recording revenue when it is earned and by recording expenses when the related goods and services are used.
f. A type of account credited when customers pay in advance for services to be rendered in the future.
g. A balance sheet category used for reporting advance payments of such items as insurance, rent, and office supplies.
h. An expense representing the systematic allocation of an asset's cost over its useful life.