Match the Terms That Follow with the Correct Definitions

question 19

Multiple Choice

Match the terms that follow with the correct definitions.
-List of the final balances of the general ledger after end-of-year procedures

• A)Interim statements
• B)Closing entries
• C)Expenses
• D)Real or permanent accounts
• E)Drawing account
• F)Income Summary
• G)Post-closing trial balance
• H)Accounting cycle
• I)Expense and revenue
• J)Temporary-equity accounts

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Definitions:

Variance

A measure of the dispersion of a set of data points around their mean, indicating how much the data points differ from the average value.

Index Fund

A type of mutual fund or exchange-traded fund designed to follow the performance of a market index, offering broad market exposure and low operating expenses.

PHStat

An Excel add-in program that helps users perform statistical analysis more effectively through its tools and functions.

Sharpe Ratio

A metric used to evaluate the risk-adjusted return of an investment portfolio, indicating how much excess return you receive for the extra volatility of holding a riskier asset.