Match the Following Terms with Their Correct Definition

question 225

Multiple Choice

Match the following terms with their correct definition.
-a device used to record increases and decreases in each of the basic elements of the financial statements

• A)account
• B)accounting cycle
• C)chart of accounts
• D)cost vs. benefit
• E)credit
• F)debit
• G)event
• H)general ledger
• I)journal
• J)trial balance

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Definitions:

Universal Copyright Convention

An international treaty that protects the rights of creators of copyrighted works worldwide.

Intellectual Property Laws

Laws that protect the creations of the mind, including inventions, literary and artistic works, designs, and symbols, names, and images used in commerce.

Literary Works

Intellectual creations expressed in written form, such as novels, poems, plays, and essays, often protected under copyright law.

Berne Convention

An international agreement governing copyright laws to protect the rights of authors over their literary and artistic works across countries.