Match the Terms That Follow with the Correct Definitions

question 2

Multiple Choice

Match the terms that follow with the correct definitions.
-Clearing the accounts or bringing to zero balance

• 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

---

Definitions:

Frequency Distribution

A statistical representation showing the number of occurrences of each distinct value in a set of data.

Median

The middle value of a data set, which separates the higher half from the lower half of the data set.

Mean

The arithmetic average of a set of numbers, calculated by adding them up and dividing by the number of figures.

Mean

The average value in a set of numbers, calculated by dividing the sum of all values by the count of those values.