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MATCHING Match Each Term with the Correct Statement Below

question 35

Multiple Choice

MATCHING
Match each term with the correct statement below.
-operates on ports 65301, 22, 5631, and 5632


Definitions:

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditure to the correct period.

Interest Income

Income earned from investments, savings, or credit extended, such as interest on bonds, savings accounts, or loans provided to others.

Interest Accrued

The amount of interest that has been earned or incurred but has not yet been paid or received.

Note Paid

Represents the full repayment or settlement of the amount owed as denoted in a promissory note.

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