The Preparation of a ______________ and ______________ Entries Are Two

question 30

Short Answer

The preparation of a ______________ and ______________ entries are two optional steps in the accounting cycle.

---

Definitions:

Basic Subsistence

The minimum resources necessary for a person to live, including food, water, and shelter.

Older Adults

Individuals who are in the later stage of their life, often defined as being 65 years or older.

Low Income Families

Households earning significantly less than the average income, often qualifying them for certain types of government assistance.

Full Time

Employment status where an individual works a minimum number of hours defined by their employer as full-time, typically around 40 hours per week.