Match the Terms with the Definitions

question 18

Multiple Choice

Match the terms with the definitions.

-A separate record used to summarize changes in each asset,liability,and owner's equity of a business.

• 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:

Driveshaft Runout

The amount of wobble or deviation from true circular rotation in a driveshaft as it turns.

Dial Indicator

A precision measuring tool used to measure small distances or angles with high accuracy, often used in engineering and machining.

Rear Carrier Torque Arm

A component in a vehicle's suspension system that helps with the alignment and stabilization of the axle.

U-joint Operating Angle

The angle formed between the driveshaft and the components attached at either end, critical for efficient power transmission and minimizing vibrations.