The Matching Concept

question 137

Multiple Choice

The matching concept

• A) addresses the relationship between the journal and the balance sheet
• B) determines whether the normal balance of an account is a debit or credit
• C) requires that the dollar amount of debits equal the dollar amount of credits on a trial balance
• D) determines that expenses related to revenue be reported at the same time the revenue is reported

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Definitions:

Trial Closes

Techniques used in sales to casually ask the prospect or customer to make a small commitment or give an opinion, intended to gauge their readiness to complete the sale.

Buying Patterns

The behaviors and trends that consumers exhibit in the process of purchasing goods or services, including frequency, timing, and preferences.

Netiquette

A set of guidelines for proper behavior and manners on the internet.

Retail Florists

Specialized businesses that sell fresh and artificial flowers along with additional gift items.