Identify the Following Terms

question 30

Short Answer

Identify the following terms:
the Battle of Britain and the Luftwaffe

---

Definitions:

Adjustment

The process of making entries to correct accounts or to allocate amounts properly at the end of an accounting period.

Office Equipment

Assets like computers, desks, chairs, and printers that are used in an office setting for the operation of the business.

Depreciation

The accounting method of allocating the cost of a tangible asset over its useful life.

Accumulated Depreciation

Overall depreciation expense tallied for a fixed asset since it started being used.