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

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Definitions:

Carrying Value

The book value of assets and liabilities as represented in the financial statements, excluding the market value.

Callable Bonds

Bonds that are subject to redemption (buy back) at a stated dollar amount prior to maturity at the option of the issuer.

Common Stock

Shares of ownership in a corporation, giving holders voting rights and a portion of the company's profits through dividends.

Convertible Bonds

Bonds that can be converted into a predetermined number of the issuing company's shares at certain times during the bond's life, usually at the discretion of the bondholder.