Match the Terms with the Definitions

question 38

Multiple Choice

Match the terms with the definitions.

-The decrease in assets (or increase in liabilities) as a result of efforts to produce revenues.

• 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:

Prostaglandins

A group of physiologically active lipid compounds having diverse hormone-like effects in animals, including influencing inflammation and pain.

Body Image

An individual's perception and feelings about their body's appearance and functionality.

Carcinogenic

Substance or exposure that is known to have the potential to cause cancer in living tissue.