b. straight line method f. fiscal year
c. assets g. fixed cost
d. liability h. income
Money collected on purchases of goods from consumers or businesses by governments
Match the following chapter terms with their definition.
a. guest check g. expenditure
b. cover charge h. receipt
c. minimum charge i. deposit slip
d. sales tax j. interest
e. gratuity k. check
f. cashier’s daily report l. check register
At the end of each month, when the physical inventory of each item is taken, the
physical inventory should match the _____.
a. profit and loss statement
b. perpetual inventory