MATCHING Match Each Description with the Item Below

question 57

Multiple Choice

MATCHING
Match each description with the item below.
-George Washington

• A)was a British general in the French and Indian War
• B)surrendered Fort Necessity to French
• C)wrote Common Sense
• D)architect of the Albany Plan of Union
• E)warned citizens of Lexington of a British military advance
• F)wrote Two Treatises on Government
• G)was a British war minister during the French and Indian War
• H)organized the Sons of Liberty
• I)proposed the Stamp Act
• J)was the governor of the Dominion of New England

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Definitions:

Machine Sales

Transactions involving the selling of machinery, which can be a significant source of revenue and profit for manufacturing and equipment companies.

Modified Cash Basis

An accounting method that combines elements of both cash and accrual accounting techniques.

Warranty Expense

Costs recognized by a company in accordance with its policy to repair or replace defective products during a warranty period.

Matching Concept

The Matching Concept in accounting states that expenses should be matched with the revenues that they helped to generate, in the same reporting period.