Match Each Definition with the Correct Abbreviation

question 62

Multiple Choice

Match each definition with the correct abbreviation.
-a.c.

• A)after meals
• B)before meals
• C)by mouth
• D)every day
• E)every hour

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Definitions:

Journal Entries

Entries made in the accounting records to document financial transactions, updating account balances accordingly.

Noncumulative

A term often referring to certain preferred stock dividends that do not accumulate if unpaid, meaning if a dividend is skipped, it is not owed in the future.

Nonparticipating

A term often related to insurance policies or preferred stocks that do not have the right to share in additional earnings or dividends beyond a specified amount.

Journal Entries

Journal entries are the method of recording all the financial transactions of a business in the accounting system, as part of the double-entry bookkeeping system.