Examlex

Solved

Match the Following Terms with Their Meanings

question 15

Short Answer

Match the following terms with their meanings.
-Column 1: citizen patrol
Column 2: preventive program staffed by citizen volunteers


Definitions:

Property Plant and Equipment

Long-term tangible assets used in the operation of a business, such as buildings, machinery, and vehicles.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or the business's operating cycle, whichever is longer.

Current Liabilities

Financial obligations that a company is expected to pay within one year or within its operating cycle, whichever is longer.

Obligations

Legal or financial duties that one party owes another, such as debt repayment or service delivery.

Related Questions