Match the Terms with the Definitions

question 42

Multiple Choice

Match the terms with the definitions.

-A type of ownership structure in which more than one person owns the business.

• 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:

Commercial Paper

An unsecured, short-term debt instrument issued by a company, typically for the financing of accounts receivable, inventories and meeting short-term liabilities.

Short-term Notes

Debt obligations that are due for repayment within a short period, typically less than one year.

High-quality Financial Statements

Financial statements that are accurate, complete, and able to be verified, giving a true and fair view of the financial performance and position of a company.

True Performance

An accurate measurement of performance, often in financial terms, reflecting the real achievements of a business or investment over a period.