Match the Term on the Left to Its Corresponding Definition

question 114

Multiple Choice

Match the term on the left to its corresponding definition on the right.
-server

• A)a computer that provides software, data, and other resources to other computers over a network
• B)a single silicon chip containing all of a computer's computational components
• C)handheld computer
• D)extra-light ultra-mobile notebook computer
• E)high-end PC
• F)just a monitor and keyboard
• G)a personal computer designed with portability in mind

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Definitions:

Adjusted Trial Balance

A list of all accounts and their balances after adjusting entries are made, used in the preparation of financial statements.

Closing Entry

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, thereby preparing the books for the next period.

Income or Loss

Income or loss refers to the financial result of a company’s operations over a specific period, indicating profitability or deficit.

Adjusted Balances

Balances that have been modified to reflect corrections or adjustments to initial reported amounts, often in the context of bank accounts or financial statements.