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:

Task Efficiency

The effectiveness and speed with which a task is completed using the least amount of resources.

Work Practices

The set ways of performing work in an organization.

Ineffective Human Resources Department

A HR department that fails to implement its responsibilities efficiently, affecting employee management and organizational performance.

Unions

Organizations that represent the collective interests of workers to negotiate better terms and conditions of employment.