Match the Terms Below with the Correct Definitions

Multiple Choice

Match the terms below with the correct definitions.
-Once-a-year accounting entries recorded on the first day of the fiscal period

A) Property and equipment
B) Reversing entries
C) Gross profit
D) Current ratio
E) Working capital
F) Net income or net loss
G) Net sales
H) Income from operations
I) Long-term liabilities
J) Liquidity