Match Each Term with Its Definition

question 55

Multiple Choice

Match each term with its definition.
-This system involves recording each transaction in two accounts,each of which has two columns

• A)electronic health records software
• B)pegboard system
• C)cash control sheet
• D)trial balance
• E)assets
• F)single-entry bookkeeping system
• G)double-entry bookkeeping system
• H)fully integrated ledger system
• I)garbage in,garbage out
• J)cost estimate sheet
• K)office policy
• L)professional discount

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Definitions:

Simple Rate Of Return

The rate of return computed by dividing a project’s annual incremental accounting net operating income by the initial investment required.

Technologically Obsolete

A state where a product or equipment becomes outdated or no longer competitive due to advances in technology.

Discount Rate

This is the interest rate used in discounted cash flow analysis to determine the present value of future cash flows.

Salvage Value

The expected sale price of an asset at the end of its effective life.