MATCHING Identify the Letter of the Choice That Best Matches the the Phrase

question 34

Short Answer

MATCHING
Identify the letter of the choice that best matches the phrase or definition.
a.schedule feasibility
f.systems request
b.EPC
g.control
c.JIT
h.preliminary investigation
d.systems development
i.organization chart
e.EPOD
j.case for action
-Can be obtained during fact-finding to understand how a department functions.

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Definitions:

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account columns to ensure a company's bookkeeping system is mathematically correct.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, leading to net income or loss.

Insurance Expense

The amount a company spends on insurance policies to cover various risks, recorded as an expense in the accounting period in which it is incurred.

Debit

An accounting entry that increases an asset or expense account, or decreases a liability or equity account.