Match the Accounting Terms with the Description by Entering the Proper

question 32

Essay

Match the accounting terms with the description by entering the proper letter in the space provided.
A. Accounting cycle
B. Audit trail
C. Balance ledger form
D. Chronological order
E. Compound entry
F. Correcting entry
G. General journal
H. General ledger
I. Journal
J. Journalizing
K. Ledger
L. Posting
________ 1. A financial record for entering all types of business transactions; a record of original entry
________ 2. Transferring data from a journal to a ledger
________ 3. A series of steps performed during each accounting period to classify, record, and summarize data for a business and to produce needed financial information
________ 4. A permanent, classified record of all accounts used in a firm's operation; a record of final entry
________ 5. Recording transactions in a journal
________ 6. A ledger account form that shows the balance of the account after each entry is posted
________ 7. A journal entry with more than one debit or credit
________ 8. Organized in the order in which the events occur
9. A chain of references that makes it possible to trace information, locate errors, and
prevent fraud
________ 10. A journal entry made to correct an erroneous entry
11. The record of original entry
________ 12. The record of final entry

Analyze the ethical considerations and potential risks involved in conducting ethnography.

Understand the role and composition of ethnographic records, including hypermedia and online ethnography.

Acknowledge the significance of timing and content in recording field notes for ethnographic research.

Comprehend the strategies for engaging with and disengaging from research subjects and settings.

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Definitions:

Relevant Range

The range of activity within which the assumptions about fixed and variable cost behaviors hold true.

High-Low Method

An accounting method used to estimate the fixed and variable components of a cost based on the highest and lowest levels of activity.

Variable Maintenance Cost

Costs that change in proportion to the operational activity of a company, such as repairs and maintenance expenses that vary with usage.

Mixed Cost

A cost containing both variable and fixed cost elements, changing in total with activity level but not proportionately.