Match the Terms with the Descriptions Provided

question 225

Multiple Choice

Match the terms with the descriptions provided.
-under the perpetual inventory system,a reduction in the inventory account balance not caused by a sale or return

• A)consignment
• B)discount period
• C)inventory
• D)LIFO reserve
• E)Lower of cost or net realizable value
• F)purchase allowance
• G)purchase discounts
• H)purchase returns
• I)purchases

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Definitions:

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One of the earliest systems of writing, developed by the Sumerians of ancient Mesopotamia, using wedge-shaped marks on clay tablets.

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An early Christian art piece depicting Jesus Christ as the shepherd, exemplifying themes of care, guidance, and protection.

Mausoleum of Galla Placidia

A historical monument in Ravenna, Italy, known for its rich mosaics and significance as a UNESCO World Heritage site, associated with the Roman Empress Galla Placidia.