Match the Terms with the Definitions

question 23

Multiple Choice

Match the terms with the definitions.

-The rules that businesses must follow when preparing financial statements.

• A) accountant
• B) accounting
• C) accounting derk
• D) analyzing
• E) auditing
• F) bookkeeper
• G) budgeting
• H) Certified Public Accountant
• I) classifying
• J)controller
• K) corporation
• L) cost accounting
• M) financial accounting
• N) generally accepted accounting principles
• O) internal auditing
• P) interpreting
• Q) manufacturing business
• R) merchandising business
• S) para-accountant
• T) partnership
• U) recording
• V) reporting
• W) service business
• X) sole proprietorship
• Y) summarizing
• Z) tax accounting

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Definitions:

Initial Investment

The initial amount of money invested in a project or startup business.

Salvage Value

The projected salvage value of an asset at the termination of its useful life.

Net Present Value

A method used in capital budgeting to analyze the profitability of an investment or project, calculating the difference between the present value of cash inflows and outflows over a period of time.

Pretax Return

The earnings generated by an investment or business before taxes have been deducted.