Match the Terms with the Definitions

question 13

Multiple Choice

Match the terms with the definitions.
-Contains columns for the debit or credit transactions and columns for the debit or credit running balance. In addition, there are columns for the date, description of the item, and posting reference.

• 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:

Output Per Person

A measure of productivity calculated by dividing total output (such as GDP) by the number of people in the workforce or population.

Cross Price Elasticity

A measure of how the demand for a product changes in response to a change in the price of another related product.

Customer Retention Rate

A measure of a company's ability to keep its customers over a period. It reflects the percentage of customers who remain with the company for a specific time.

Credit Score

A numerical expression based on a level analysis of a person's credit files, representing the creditworthiness of the individual.