Match the Terms with the Definitions

question 31

Multiple Choice

Match the terms with the definitions.
-​Entering the transactions in a journal.

• A)book of original entry
• B)chart of accounts
• C)compound entry
• D)correcting entry
• E)cross-reference
• F)four-column account
• G)general ledger
• H)journal
• I)journalizing
• J)posting
• K)ruling method
• L)slide error
• M)source document
• N)transposition error
• O)trial balance

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Definitions:

Closing Values

A term often used in finance and investing to refer to the final price of a stock or asset when the market closes for the day.

High

A term which can refer to an elevated status, level, or degree of something, often used in a comparative context.

Categorical

Pertaining to data that can be divided into specific groups or categories that are qualitatively distinct.

Tossing

The act of throwing something lightly or casually, often used in the context of flipping a coin or similar objects.