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Match the Following Terms with Their Descriptions

question 43

Multiple Choice

Match the following terms with their descriptions:
i. Slide master
II. Start screen
III. .potx
IV. HSL
v. Nudge


Definitions:

Prepaid Insurance

An asset account that reflects payments made for insurance coverage periods extending into the future; it is expensed over time as the coverage period lapses.

Normal Balance

Refers to the debit or credit balance that is expected on a specific type of account based on its accounting rule.

Contra Asset

An asset account where the account balance is a negative amount that reduces the total value of assets on the balance sheet.

Accrued Expenses

Expenses that have been incurred but not yet paid or recorded, representing liabilities for a business.

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