What Does RSS Stand For

question 12

Multiple Choice

What does RSS stand for?

• A) Reorganized Site Syndicator
• B) Really Simple Sites
• C) Rented Site Syndication
• D) Real Simple Syndication

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Definitions:

Reversing Entry

An accounting entry that is made at the beginning of a period to reverse or cancel out an adjusting entry made in the previous period.

Items Matching

A fundamental accounting principle that mandates the expenses related to revenue are reported in the same period as the revenue itself.

Classified Balance Sheet

A financial statement that groups a company's assets, liabilities, and equity into categorized sections for clearer analysis.

Permanent Accounts

Accounts that carry their balances over into the next accounting period, typically representing the asset, liability, and equity accounts.