Match the Following Terms with Their Correct Definition

question 161

Multiple Choice

Match the following terms with their correct definition.
-account used to record any discrepancies between the cash records and the actual amount of cash received

• A)cash equivalents
• B)cash over and short
• C)operating cycle
• D)petty cash

---

Definitions:

Dissociated

Describes someone or something that has been disconnected or separated from a group or entity.

Partnership Agreement

A legal document that outlines the rights, responsibilities, and obligations of each partner in a business partnership.

Bankruptcy Petition

A legal document filed by an individual or corporation declaring inability to pay debts, which initiates the bankruptcy process.

Retirement

The stage of life where an individual stops employment completely, often to rely on savings or pension for financial support.