Match the Following Terms with the Appropriate Definition

question 2

Multiple Choice

Match the following terms with the appropriate definition.
-Costs that are incurred in a period but are both unpaid and unrecorded,requiring an adjustment at the end of the period.

• A)Adjusting entry
• B)Unadjusted trial balance
• C)Prepaid expenses
• D)Natural business year
• E)Accrued expenses
• F)Adjusted trial balance
• G)Report form balance sheet
• H)Accounting period
• I)Profit margin
• J)Contra account

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Definitions:

Relevant Material

Content or information that is directly related to the topic at hand and contributes to its understanding or discussion.

Order Acknowledgment

A formal confirmation from a seller to a buyer acknowledging the receipt and detailing the specifications of an order.

Goodwill Note

A written communication expressing gratitude, goodwill, or kindness, often used in professional settings to maintain positive relationships.

Good News

Information or updates that are positive, encouraging, or beneficial to the receiver.