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Match Each Term with Its Description

question 132

Multiple Choice

Match each term with its description.
-end product of glycolysis


Definitions:

Temporary Account

An account used to track transactions within a fiscal period, which is closed and zeroed out at the period's end, moving its balances to permanent accounts.

Service Fees

Charges for professional services provided by businesses to their customers.

Rent Expense

The cost incurred by a business to utilize property or equipment for business operations.

Revenue Closed

A term not commonly used in accounting standards. NO.

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