Match Each Definition with the Correct Term Below

question 22

Multiple Choice

Match each definition with the correct term below.
-Compound entry

• A)A journal entry that involves more than two accounts.
• B)A list of account numbers with corresponding account titles.
• C)The difficulty of deciding when a business transaction should be recorded.
• D)The difference in dollars between the total debit footing and the total credit footing.
• E)The chronological accounting record sometimes known as the book of original entry.
• F)The basic storage units for accounting data.
• G)The item that is prepared at the end of the accounting period to test if total debits equals total credits.
• H)The process of transferring information from the journal to the ledger.
• I)The exchange price of an actual or potential business transaction.
• J)The practice of recording transactions at the exchange price at the point of recognition.

---

Definitions:

Organizational Structure

The way in which a company or organization is arranged, including the division of tasks, responsibilities, and roles among its members.

Key Suppliers

Critical vendors or providers upon whom an organization heavily depends for materials, products, or services crucial to its business operations.

Total Cost of Ownership

The comprehensive assessment of the direct and indirect costs and benefits associated with the acquisition and use of an asset over its entire life cycle.

Domestic Supplier

A supplier that operates within the same country as the purchasing entity, often preferred for logistical, economic, or regulatory reasons.