Accounting has its own vocabulary and basic relationships. Match the accounting terms at the left with the corresponding definition or meaning at the right.
1. Debit
2. Expense
3. Net income
4. Ledger
5. Posting
6. Normal balance
7. Payable
8. Journal
9. Receivable
10. Owners' equity
A. The cost of operating a business; a decrease in stockholders' equity
B. Assets - Liabilities
C. Grouping of accounts
D. Copying data from the journal to the ledger
E. Record of transactions
F. Revenues - Expenses
G. Left side of an account
H. Always an asset
I. Side of an account where increases are recorded
J. Always a liability