Matching Questions Match the Concept with Its Definition

question 1

Multiple Choice

Matching Questions
match the concept with its definition:
-hypothesis

• A)an informed supposition about the relationship between variables
• B)a situation that differs from the situation being tested
• C)received through the senses
• D)framework that explains facts
• E)any property that may be displayed in different values

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Definitions:

Perpetual Inventory System

A method of accounting for inventory that updates the inventory levels continuously after each purchase, sale, or return.

Income Statement

An income statement is a financial statement that shows a company's revenues and expenses over a specific period, culminating in net income or loss.

Perpetual Inventory System

An inventory transaction recording method that utilizes computerized point-of-sale systems and enterprise asset management software to instantly register the sale or acquisition of goods.

Journal Entries

Written records of the financial transactions and events of a business, used to document and track the financial impact on its accounts.