Match the Appropriate Definition with the Following Terms

question 156

Short Answer

Match the appropriate definition with the following terms:

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Definitions:

Monthly Rent

Regular payment made for the use of property or land, agreed upon on a monthly basis.

Utilities Expense

Utilities expense refers to the cost incurred by businesses or individuals for the usage of basic utilities such as electricity, water, gas, and telecommunication services.

Accounts Receivable

Money owed to a company by its customers for products or services that have been delivered or used but not yet paid for.

Owner's Drawings

The amount of money or value of other assets withdrawn from the business by the owner for personal use.