Match the Terms That Follow with the Correct Definitions

question 94

Multiple Choice

Match the terms that follow with the correct definitions.
-Financial statements prepared during the fiscal year for a period of less than twelve months

• 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:

External Attribution

The process of attributing the cause of one's own or others' behavior to external factors or situations beyond one's control.

Incentives

Rewards or motivations provided to encourage specific behaviors or outcomes.

Simplify

No clear definition since "simplify" refers to the process of making something easier to understand or less complicated.

Performance Deficiencies

The gap between actual and desired performance levels in any task or job, indicating areas that need improvement.