Match Each Definition with the Correct Term Below

question 49

Multiple Choice

Match each definition with the correct term below.
-Cost principle

• 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:

Prewrite

The process of planning and organizing thoughts before writing, which includes brainstorming and outlining.

Written Argumentation

The process of using evidence and reasons to support claims in writing, aiming to persuade or inform the reader.

Key Elements

Fundamental components or aspects that are crucial for the structure, function, or understanding of a whole.

Pro And Con

Arguments or considerations for and against a certain decision, action, or proposition.