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:

Observations

The process of closely monitoring, recording, or noting phenomena as they occur in natural settings, often used as a method in scientific studies.

Census Of Population

A systematic enumeration of a population, typically recording details of individuals such as age, gender, occupation, and ethnic background.

Self-Administered Questionnaire

A method of data collection where respondents read and answer questions without an interviewer's help.

In-Person Survey

A data collection method where researchers directly interact with participants to gather information through questions in a face-to-face setting.