Match the Terms with the Definitions

question 19

Multiple Choice

Match the terms with the definitions.
-The process of giving zero balances to the temporary accounts so that they can accumulate information for the next accounting period.

• 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

---

Definitions:

Standard Deviation

A mathematical indicator assessing the extent of spread within a collection of data points.

Sampling Distribution

The probability distribution of a statistic obtained from a large number of samples drawn from a specific population.

Normal Population

A population in statistics where all the individual measurements are symmetrically distributed around the mean, following a normal distribution.

Standard Deviation

A statistical metric that evaluates the spread of data points in a dataset around the mean.