Match Each Term with Its Definition

question 33

Multiple Choice

Match each term with its definition.
-1/10 of a unit

• A)micro-
• B)deci-
• C)kilo-
• D)numerator
• E)denominator
• F)ratio
• G)proportion
• H)means
• I)extremes

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Definitions:

Financial Statements

Comprehensive reports created from accounting records that convey a business's financial performance, position, and cash flows over a specific period.

Profit and Loss

A financial statement that summarizes the revenues, costs, and expenses incurred during a specified period.

Statement of Cash Flows

A financial report that shows how changes in balance sheet accounts and income affect cash and cash equivalents.

Trial Balance

A financial report that lists all the balances in each ledger account at a point in time, used to ensure debits equal credits.