Examlex
MATCHING. Choose the item in column 2 that best matches each item in column 1.
Match the term with the correct description.
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Credit and Debit Card Payments
Electronic payment methods where credit cards borrow funds from the issuing bank to make a purchase, while debit cards deduct money directly from the cardholder's bank account.
Manual Recording
The process of documenting information by hand, as opposed to using electronic means.
Debit Sheet
A record listing all debit transactions, often used in accounting to monitor expenditures.
Double-Entry Bookkeeping System
A method of bookkeeping where every entry to an account requires a corresponding and opposite entry to a different account, ensuring the accounting equation balances.
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