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Match each term with the best definition. Promissory Note Revenue Expenditure Contingent Liability Closing [Choose ] The use of borrowed money to attempt to increase
Match each term with the best definition. Promissory Note Revenue Expenditure Contingent Liability Closing [Choose ] The use of borrowed money to attempt to increase the return to a company's shareholders An unconditional promise to pay a definite sum of money on demand or at a future date The process of setting the balances of temporary accounts back to zero The purchase of an asset or an extraordinary expenditure Another name for an expense Accounts found on the Balance Sheet A potential liability that can develop into a real liability if a particular event occurs. Generally requires disclosure Cost of assets minus accumulated depreciation
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