Match the Terms with the Definitions

question 16

Multiple Choice

Match the terms with the definitions.
-A method of accounting that combines aspects of the cash and accrual methods.It uses the cash basis for recording revenues and most expenses.Exceptions are made when cash is paid for assets with useful lives greater than one accounting period.

• A)accrual basis of accounting
• B)combination journal
• C)Description column
• D)General Credit column
• E)General Debit column
• F)modified cash basis
• G)Posting Reference column
• H)special columns

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Definitions:

Number of Firms

The total count of business entities operating within a particular market or industry.

Supply Curve

A graphical representation showing the relationship between the price of a good and the amount of it that producers are willing to supply.

Bond Rating Agencies

Independent firms that assess the creditworthiness of both debt securities and their issuers.

Restrictive Covenants

Clauses in contracts that restrict certain actions of the parties involved to protect business interests.