Select the Best Word or Phrase for the Blank in the Following

question 44

Multiple Choice

Select the best word or phrase for the blank in the following sentence.
Starting next week, the dancers __________ every day until the end of the season next August.

• A)rehearse
• B)have rehearsed
• C)rehearsed
• D)will rehearse

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Definitions:

Expense

An outflow of cash or other valuable assets that a business incurs as a result of its operations intended to generate revenue.

Liability

Financial obligations or debts that a company owes, which are settled over time through the transfer of economic benefits including money, goods, or services.

Trial Balance

A report that lists all the balances of the general ledger accounts to check the correctness of bookkeeping entries.

Entry Posted

The action of recording an accounting entry in the ledger, which finalizes the transaction and makes it part of the financial records.