... concepts states that costs should be allocated to the accounting period in which the revenue they help generate is recorded? a Matching b Consistency c Accounting entity d Going concern 13 On a multiple ... memorandum 15 Which of the following accounts is not closed during the closing process at the end of the accounting period? a Sales revenue b Salary expense c Income Summary d Retained Earnings Part B: ... and operated by Dave Mayer On December 31, 20X8, the end of the current year, Danville Company’s accounting clerk prepared the unadjusted trial balance shown at the previous page The data needed...