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Match the Explanations with the Correct Abbreviations

question 98

Multiple Choice

Match the explanations with the correct abbreviations.

-ICD


Definitions:

Journal Entry

The recording of financial transactions into the accounting records of a business, typically involving a debit to one account and a credit to another.

Petty Cash Fund

A small amount of cash kept on hand for minor, everyday business expenses.

Replenishment

The process of restocking products or materials to maintain inventory levels and meet demand.

Internal Control Principles

Guidelines that govern the design and implementation of systems and procedures to ensure asset protection, data accuracy, and operational efficiency.

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