Study Notes Are

question 27

Multiple Choice

Study notes are

• A) notes you take while listening to an instructor's lecture.
• B) additional notes you take while studying for tests.
• C) notes you take during a group discussion in class.
• D) the preliminary notes you take when skimming a chapter.

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Definitions:

Principal Plus

A term indicating the original amount of investment or loan plus any accrued interest or profits.

Accrued Interest

Income from interest that has been accrued but neither received nor documented in the financial records.

Paying

The process of distributing money in exchange for goods, services, or to settle debts.

Adjusting Entry

Journal entries made in accounting records at the end of an accounting period to allocate income and expenditures to the correct periods.