According to Your Text, One Perspective from Which to View

question 153

Multiple Choice

According to your text, one perspective from which to view services is as a ____ targeted at a(n) ____.

• A) sporting event; spectators
• B) concert; audience
• C) play; actors
• D) performance; audience
• E) presentation; spectators

---

Definitions:

Closing Entries

Closing entries are journal entries made at the end of an accounting period to transfer temporary accounts to permanent accounts.

Rendering Services

The act of providing professional services or duties to a client or customer.

Purchases Journal

A ledger used in accounting to record all purchases of goods and services on credit.

Accounts Payable

Short-term liabilities or money owed by a company to its creditors or suppliers for goods and services that have been delivered but not yet paid for.