​Match the Accounting Terminology with Its Definition and Example

question 43

Multiple Choice

​Match the accounting terminology with its definition and example.Note: Answers may be used more than once.
-​A business owned by one person,who is often the manager/operator of the business;the owner's net worth or equity (which consists of the amount by which the fair market value of all assets exceed liabilities)

• 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:

Sinusitis

Inflammation of the lining of a sinus.

Pneumoconiosis

A type of lung disease caused by inhaling dust, often in workplaces, leading to lung damage and chronic breathing problems.

Pleuritis

Inflammation of the pleura, the double-layered membrane surrounding the lungs, often causing chest pain.

Cigarette Smoking

The act of inhaling and exhaling the smoke produced by burning tobacco in cigarettes, which poses health risks.