Listed below are five terms followed by a list of phrases that describe or characterize the terms.Match each phrase with the best term by placing the letter designating the term in the space provided.
-____ Short-term investments that have a maturity date no longer than three months from the date of purchase.

Question

Quizplus · Accepted Answer

The phrase describes cash equivalents, which are short-term investments with a maturity date no longer than three months from the date of purchase.

B: Bank reconciliation refers to the process of comparing a company's bank statement with its own accounting records.

C: Petty cash refers to a small amount of cash kept on hand by a company for minor expenses.

D: Debit card is a payment card that deducts money directly from a consumer's checking account to pay for a purchase.

E: Credit card is a payment card that allows a consumer to borrow money from a bank to pay for a purchase, and then pay the bank back at a later date with interest.

Listed Below Are Five Terms Followed by a List of Phrases