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MATCHING KEY TERMS AND DEFINITIONS

question 18

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MATCHING KEY TERMS AND DEFINITIONS
-A primary management function ensuring that the right people are on the job with appropriate skills, and motivating them to high levels of performance


Definitions:

Bank Statements

Financial statements issued by a bank detailing the transactions in a depositor's account over a certain period.

Chart of Accounts

A listing of all the accounts in a business's general ledger, which includes assets, liabilities, revenue, expenses, and equity.

Identification Numbers

Unique numerical codes assigned to entities for identification purposes, such as Social Security numbers for individuals or EINs for businesses in the U.S.

General Journal

A general journal is a basic accounting record used to document all financial transactions of a business in chronological order, prior to their transfer to specific accounts in the general ledger.

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