MATCHING Identify the Letter of the Choice That Best Matches the the Phrase

question 106

Multiple Choice

MATCHING
Identify the letter of the choice that best matches the phrase or definition.
-Strict and transitional are examples, in HTML and XHTML

• A)hexadecimal
• B)word wrap
• C)ordered
• D)title
• E)hyperlink
• F)images
• G)declaration
• H)hard copy
• I)P N G
• J)document type

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Definitions:

Natural Business Year

A fiscal year that ends when a business's sales activities are at their lowest point, facilitating easier inventory and activity analysis.

12-month Period

A 12-month period typically refers to a full year, used in financial reporting and analysis to compare performance or changes over the span of a year.

Income Summary Account

A temporary account used in the closing process to summarize the period's revenues and expenses before transferring the net income or loss to retained earnings.

Permanent Accounts

Permanent accounts refer to the balance sheet accounts whose balances are carried over into the next accounting period, including assets, liabilities, and equity accounts.