Match Each Definition with the Correct Word Part

question 95

Multiple Choice

Match each definition with the correct word part.
-Poly-

• A)Instrument to view
• B)Urinary condition
• C)Fixation, suspension
• D)Prolapse, drooping, falling
• E)Viewing
• F)Recording
• G)Bad, difficult, painful, abnormal
• H)Crushing
• I)No, not, without
• J)Many, much, excessive, frequent
• K)Condition of thirst
• L)Herniation, protrusion

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Definitions:

Deferrals

Accounting transactions that involve recognition of revenues or expenses in a period different from when they are actually received or paid, to match revenues with expenses in the appropriate period.

Accruals

Accounting adjustments for revenues that have been earned or expenses that have been incurred but are not yet recorded in the accounts.

Deferred Revenue

Money received by a company for goods or services not yet delivered or performed, recorded as a liability until the transaction is completed.

Vertical Analysis

A method of financial statement analysis in which each entry for each of the three major categories of accounts (assets, liabilities, and equity) in a balance sheet is represented as a proportion of the total account.