Match Each Numbered Entry with the Most Relevant Lettered Entry

question 31

Multiple Choice

Match each numbered entry with the most relevant lettered entry below.
-operation of law

• A)that which is exchanged
• B)occurring automatically
• C)lifetime use of land
• D)sharing a pension
• E)lump sum
• F)agreement to commit fraud
• G)placed into one account
• H)gift by will
• I)unpaid
• J)as between strangers

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Definitions:

Unearned Revenue

Money received by a company for goods or services not yet delivered or performed, considered a liability until the service or product is delivered.

Legal Representation

Professional legal services provided by an attorney or law firm to advise or represent a client in legal matters.

Adjusted Trial Balance

A statement listing all accounts and their balances after adjustments, used to verify the equality of debits and credits.

Unadjusted Trial Balance

A report that lists the balances of all accounts, both debits and credits, in a company's general ledger prior to any adjustments being made.