Match Each Term with the Best Choice

question 50

Multiple Choice

Match each term with the best choice.
-Any item that can be identified or manipulated

• A)Argument
• B)Object
• C)Method
• D)Procedure
• E)Module

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Definitions:

Debits

Accounting entries that increase assets or expenses and decrease liabilities, equity, or revenue, recorded on the left side of accounting ledgers.

Credits

Accounting entries that increase liabilities or decrease assets, or record income in double-entry bookkeeping.

Journal Entry

A Journal Entry is a record in bookkeeping that logs the debit and credit parts of a financial transaction in accounting.