​Match the Accounting Terminology with Its Definition and Example

question 29

Multiple Choice

​Match the accounting terminology with its definition and example.Note: Answers may be used more than once.
-​Resources owned by a business

• A)accounts payable
• B)​assets
• C)​corporation
• D)​cost
• E)​economic entity assumption
• F)​liabilities
• G)​market value
• H)​monetary unit assumption
• I)​note payable
• J)​(paid-in)capital
• K)​partnership
• L)​proprietorship
• M)​retained earnings
• N)stockholders' equity

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Definitions:

Routine Message

A standard or typical message that is sent on a regular basis.

Main Idea

The central or most important concept, topic, or point that a piece of writing or communication is trying to convey.

Audience Confusion

A state of misunderstanding or lack of clarity experienced by listeners or viewers in response to a message or presentation.

Job Reference

A recommendation provided by a previous employer or professional contact vouching for an individual's skills and qualifications.