Match the Terms with the Definitions

question 47

Multiple Choice

Match the terms with the definitions.
-A temporary account used in the closing process to summarize the effects of all revenue and expense accounts.

• A)account form of balance sheet
• B)accounting cycle
• C)classified balance sheet
• D)closing process
• E)current assets
• F)current liabilities
• G)Income Summary
• H)long-term liabilities
• I)operating cycle
• J)permanent accounts
• K)post-closing trial balance
• L)property, plant, and equipment
• M)report form of balance sheet
• N)temporary accounts

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Definitions:

Alexander Hamilton

A Founding Father of the United States, first Secretary of the Treasury, and influential interpreter of the U.S. Constitution.

Public Opinion

The collective attitudes or beliefs of the adult population on various issues, influenced by cultural, societal, and personal factors.

Constitutional Convention

A formal gathering for the purpose of creating or amending a constitution.

Delegates

Individuals chosen to represent others, typically in a conference or a convention; in politics, they often have the authority to vote on behalf of the group they represent.