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Claire Wants to Remember the List of Items Her Best

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Claire wants to remember the list of items her best friend wants for her birthday, so she will know what to buy her friend at the toy store. By clustering the items into categories such as "Barbie stuff," "books," and "art supplies," Claire is using what strategy to help her remember?


Definitions:

Credit Entries

Entries made in the accounting records that increase liabilities or decrease assets.

Expense Account

An account specifically used to track expenditures related to specific activities, projects, or operations.

Credit

An arrangement where goods, services, or money is received in exchange for a promise to pay back a specific amount in the future.

Post Reference Notation

An alphanumeric or numeric code used in accounting to indicate a journal entry has been posted to a particular ledger account.

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