Match the Terms with the Definitions

question 19

Multiple Choice

Match the terms with the definitions.
-The process of giving zero balances to the temporary accounts so that they can accumulate information for the next 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:

McClelland

A psychologist known for his work on motivation and needs theory, specifically Achievement Motivation Theory.

Complex Tasks

Duties or projects that involve multiple steps, require higher-order thinking, and cannot be easily automated or simplified.

Solve Problems

The method of identifying resolutions for complex or challenging problems.

Forces

Influences or drivers that cause change or affect the performance and behavior of individuals or organizations.