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. Posting	A. The cost of operating a business; a decrease in stockholders’ equity
2. Expense	B. Always an asset
3. Debit	C. Side of an account where increases are recorded
4. Trial balance	D. Lists a company’s accounts and account numbers (no account balances in this item)
5. Equity	E. Copying data from the journal to the ledger
6. Net income	F. Assets – Liabilities
7. Receivable	G. Revenues – Expenses
8. Chart of accounts	H. Lists all accounts with their balances
9. Payable	I. Always a liability
10. Journal	J. Record of transactions
11. Normal balance	K. Left side of an account
12. Ledger	L. The book of accounts and their balances