Question

Accounting has its own vocabulary and basic relationships. Match the accounting terms at the left with the corresponding phrase at the right.
____ 1. Posting
____ 2. Normal balance
____ 3. Payable
____ 4. Journal
____ 5. Receivable
____ 6. Chart of accounts
____ 7. Debit
____ 8. Trial balance
____ 9. Credit

a. Chronological record of transactions
b. An asset
c. Left side of an account
d. Side of an account where increases are recorded
e. Copying data from the journal to the ledger
f. List of all accounts with their balances
g. A liability
h. List of all of the accounts of a business
i. Right side of an account



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  • CreatedApril 29, 2014
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