Use the Following Items to Answer the Matching Questions Below

question 33

Multiple Choice

Use the following items to answer the matching questions below:

-cash flow statement

• A) a financial statement that measures cash inflows and outflows
• B) items owned by a household such as a home or car
• C) a summary of assets, liabilities and net worth
• D) the difference between cash inflows and outflows

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Definitions:

Cash

This term refers to money in the form of currency that is used to conduct transactions, make purchases, or settle debts.

Journal Entries

Accounting records that document all the financial transactions of a business, showing the debits and credits for each transaction.

Perpetual Inventory System

An accounting method that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.

Exchange Rates

The value of one currency for the purpose of conversion to another, determining how much one currency is worth in terms of the other.