Those costs (price paid) that stay firm and will not change
Match the following chapter terms with their definition.
a. final inventory e. proprietorship
b. straight line method f. fiscal year
c. assets g. fixed cost
d. liability h. income
A written statement made to show the true financial condition for a person or business
by exhibiting assets, liabilities or debts, profit and loss, and net worth
Match the following chapter terms with their definition.
a. gross wages e. depreciation
b. overtime f. balance sheet
c. salary g. net worth
d. cost of food sold h. capital