Match the accounting terms with the corresponding definitions. 1. Posting 2. Account 3. Debit 4. Journal 5.
Question:
1. Posting
2. Account
3. Debit
4. Journal
5. Chart of accounts
6. Trial balance
7. Normal balance
8. Ledger
9. Credit
10. Compound journal entry
a. A detailed record of all increases and decreases that have occurred in a particular asset, liability, or equity during a period
b. The record holding all the accounts of a business, the changes in those accounts, and their balances
c. A journal entry that is characterized by having multiple debits and/ or multiple credits
d. A record of transactions in date order
e. Left side of a T- account
f. Side of an account where increases are recorded
g. Transferring amounts from the journal to the ledger
h. Right side of a T- account
i. A list of all accounts with their balances at a point in time
j. A list of all accounts with their account numbers
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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