There Are Three Things You Need to Keep in Mind

question 26

Multiple Choice

There are three things you need to keep in mind if you want to follow a more earth-friendly _________ reduce, reuse, and recycle.
Which of the following options correctly completes the sentence above?

• A)lifestyle
• B)lifestyle:
• C)lifestyle;
• D)lifestyle.

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Definitions:

Owner's Drawings

The withdrawal of business assets by the owner for personal use.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts in preparation for the new accounting period.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset since it was acquired, representing the wear and tear over time.

Service Revenue

Income earned by a company for the services it provides to its clients.