Match the Terms with the Definitions

question 20

Multiple Choice

Match the terms with the definitions.

-An individual,association,or organization that engages in economic activities and controls specific economic resources.

• 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:

Performance Test

An assessment designed to measure the effectiveness, reliability, or quality of a product or service.

Transcribe

The act of converting spoken words into written or printed form, often used in legal, medical, and media contexts.

Typing

The process of inputting text by pressing keys on a typewriter, computer keyboard, or touch screen.

Physical Examinations

Medical tests performed by a doctor to assess a person's general state of physical health.