Match the words with their definitions:
i. Invoice a) A part of a company’s profits that is paid to the people
who own shares in it
ii.Trade b) A commercial document issued by a seller to a buyer,
relating to a sale transaction and indicating the products,
quantities and price
iii. Dividend c) The income or increase in net assets that an entity has from
its normal activities.
iv.Memorandum d) An act of buying and selling of goods and services
v.Revenue e) A record of legal agreement which has not yet been formally
prepared and signed
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Answer:
1. invoice - A commercial document issued by a seller to a buyer, relating to a sale transaction and indicating the products,quantities and price
2. Trade - An act of buying and selling of goods and services
3. Dividend - A part of a company’s profits that is paid to the people who own shares in it
4. Memorandum - A record of legal agreement which has not yet been formally prepared and signed
5. Revenue - The income or increase in net assets that an entity has from its normal activities
Explanation:
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