Match the Terms with the Definitions

question 3

Multiple Choice

Match the terms with the definitions.
-The steps involved in accounting for all of the business activities during an accounting period.

• A)account form of balance sheet
• B)accounting cycle
• C)classified balance sheet
• D)closing process
• E)current assets
• F)current liabilities
• G)Income Summary
• H)long-term liabilities
• I)operating cycle
• J)permanent accounts
• K)post-closing trial balance
• L)property, plant, and equipment
• M)report form of balance sheet
• N)temporary accounts

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Definitions:

Pointless Explanation

An explanation that lacks purpose or fails to convey meaningful information.

Defensive Behavior

Measures taken to defend against assumed dangers or negative judgments.

Assertive

Refers to confidently expressing one's thoughts and feelings in a direct, honest, and respectful way.

Vacation

A period of time devoted to rest, leisure, and enjoyment, typically away from work or school.