Match the Terms with the Definitions

question 58

Multiple Choice

Match the terms with the definitions.

-The excess of total revenues over total expenses for the period.

• A) account
• B) accounts payable
• C) accounts receivable
• D) accounting equation
• E) assets
• F) balance sheet
• G) business entity
• H) business entity concept
• I) business transaction
• J) drawing
• K) expenses
• L) income statement
• M) liability
• N) net income
• O) net loss
• P) notes payable
• Q) owner's equity
• R) revenues
• S) statement of owner's equity

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Definitions:

Anxiety

A mental health condition characterized by feelings of worry, anxiety, or fear that are strong enough to interfere with one's daily activities.

International Criminal Court

A permanent tribunal that prosecutes individuals for genocide, crimes against humanity, war crimes, and the crime of aggression.

Torture

The act of inflicting severe pain or suffering on someone, typically to punish or coerce them into a particular action or confession.