Match the Term with Its Definition

question 34

Essay

Match the term with its definition.
a.Accrual-basis accounting
b.Cash-basis accounting
c.Current ratio
d.Financial statements
e.Liquidity
f.Operating profit margin
g.Return on assets
h.Return on equity
-An accounting method of recording profits when earned and expenses when incurred,whether or not the profits have been received in cash or the expenses paid

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Definitions:

Accounting

The systematic process of recording, measuring, and communicating financial information about economic entities.