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Match Each Numbered Entry with the Most Relevant Lettered Entry

question 33

Multiple Choice

Match each numbered entry with the most relevant lettered entry below
-now


Definitions:

Financial Leverage

The use of borrowed funds to increase the potential return on investment.

General Journal

A comprehensive journal that records the initial data for all different types of financial transactions.

Ledger

An accounting book or computer file used for recording and totaling economic transactions measured in terms of a monetary unit, by account.

Posting

The process of recording amounts as debits or credits in the accounts of a company's general ledger.

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