Examlex
Which of the following pairs is not correctly matched?
Contra Account
An account in the general ledger that is used to reduce the value of a related account when the two are netted together.
Associated Account
An account linked or related to another in accounting, often used to track transactions connected to a specific business activity or party.
Plant Assets
Long-term tangible assets that are used in the production of goods or services and are not intended for sale.
Depreciated
A measure of the reduction in the value of an asset over time, often used for accounting and tax purposes.
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