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.

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Definitions:

Statement Of Purpose

Planning statement that defines why you are preparing a report.

Analytical Report

A type of business report that uses qualitative and quantitative company data to analyze performance and make recommendations.

Informational Report

A factual document that presents data and analysis without the writer's opinion, often used in business and science to inform decision-making.

Executive Dashboard

A visual representation of key performance indicators and metrics designed for quick and easy interpretation by business leaders.