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Match the Term with the Appropriate Phrase

question 12

Multiple Choice

Match the term with the appropriate phrase. You may use each answer once, more than once or not at all.
-rising and sinking air masses moving in a circular fashion


Definitions:

Income

The money received, especially on a regular basis, for work or through investments.

Financial Statement

An authorized ledger recording the economic occurrences and financial wellbeing of a company, person, or any distinct entity.

Normal Balance

A reiteration with different wording: The typical side (debit or credit) an account is expected to have, based on standard accounting rules.

Account Category

A classification used in accounting to organize financial transactions, such as assets, liabilities, equity, revenue, and expenses.

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