Listed Below Are Ten Terms Followed by a List of Phrases

question 172

Multiple Choice

Listed below are ten terms followed by a list of phrases that describe or characterize five of the terms.Match each phrase with the best term by placing the letter designating the term in the space provided.
-____ Contains all the accounts of a company.

• A)Assets
• B)Debit
• C)Journal entry
• D)Liabilities
• E)Revenues
• F)Expenses
• G)Credit
• H)General ledger
• I)Trial balance
• J)Dividends

---

Definitions:

Franchise

A business model that allows one to license the rights to operate a business under an established brand and system.

Franchisor

Is a business entity that grants the right to use its trademark, business model, and operational system to an individual or entity (franchisee) in exchange for a franchise fee.

Disclosure Statement

A document outlining the critical information and terms of a financial transaction, often mandated by law to protect consumers.

Bulk Purchasing

The acquisition of goods or products in large quantities, often at a discounted price.