Match the Terms Below with the Correct Definitions

question 52

Multiple Choice

Match the terms below with the correct definitions.
-Once-a-year accounting entries recorded on the first day of the fiscal period

• A)Property and equipment
• B)Reversing entries
• C)Gross profit
• D)Current ratio
• E)Working capital
• F)Net income or net loss
• G)Net sales
• H)Income from operations
• I)Long-term liabilities
• J)Liquidity