MATCHING Match Each Term with Its Corresponding Definition or Description

question 126

Multiple Choice

MATCHING
Match each term with its corresponding definition or description.
-the total amount of energy used by the body per day

• A)glycolysis
• B)glycogenesis
• C)catabolism
• D)mineral
• E)ATP
• F)assimilation
• G)TMR
• H)citric acid cycle
• I)anabolism
• J)glucose
• K)electron transport chain
• L)BMR
• M)vitamin

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Definitions:

Income Summary

An account used during the closing process to summarize the year's revenues and expenses before determining and transferring the period's net income or loss to owner's equity.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts.

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.

Income Summary

Income summary is an account where revenues and expenses are accumulated to calculate net income or loss for a specific period before transferring to the capital account.