Write the Meaning of Each Abbreviation

question 10

Short Answer

Write the meaning of each abbreviation.
-ASHD ____________________

---

Definitions:

Deferral Method

An accounting technique used to delay the recognition of expenses or revenues until the related cash is paid or received.

Financial Statements

Written records that convey the business activities and the financial performance of a company. They typically include the balance sheet, income statement, and statement of cash flows.

Restricted Donations

Donations given to an organization with specific conditions attached regarding how the funds can be used, often designated for a particular purpose or project.

Capital Assets

Long-term assets acquired or controlled by a business for its continued operations and not expected to be converted into cash within a year.