Match the Terms Below with the Correct Definitions

question 91

Multiple Choice

Match the terms below with the correct definitions.
-Book of original entry

• A)Chart of accounts
• B)Journalizing
• C)General ledger account
• D)General ledger
• E)Journal
• F)Source documents
• G)Posting
• H)Account number
• I)General journal
• J)Cost principle

Evaluate the effects of accounting choices and changes in tax laws on inter-firm and intra-firm comparisons.

Understand the specific criteria established by GAAP for the treatment of leases.

Distinguish between capital and operating leases and their financial statement impact.

Recognize the depreciation, expense recognition, and balance sheet implications for leases under GAAP.

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Definitions:

Cooling

The process of losing heat, leading to a decrease in temperature; can refer to geologic formations solidifying from molten states.

Felsic Crystals

Refers to light-colored minerals rich in elements such as aluminum, potassium, silicon, and sodium, commonly found in continental crust rocks.

Mafic Crystals

Minerals rich in magnesium and iron that crystallize from basaltic magmas, typically dark in color.

Pegmatite

An igneous rock with extremely large crystals, formed by the slow cooling of magma, often containing rare minerals.