Question: Demonstrate your knowledge of accounting terminology by filling in the

Demonstrate your knowledge of accounting terminology by filling in the blanks to review some key definitions.
Dillon Baker is describing the accounting process for a friend who is a psychology major. Dillon states, “The basic summary device in accounting is the ______. The left side of an account is called the ________ side, and the right side is called the ______side. We record transactions first in a ______. Then we post, or copy, the data to the _______. It is helpful to list all the accounts with their balances on a ________________________.”

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  • CreatedJuly 08, 2015
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