Match the following terms with their respective definition. a. Chart of accounts. b. Credit. c. Credit balance.

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Match the following terms with their respective definition.
a. Chart of accounts.
b. Credit.
c. Credit balance.
d. Crediting.
e. Debit.
f. Debit balance.
g. Debiting.
h. Double-entry system.
i. Normal balance.
j. T-account.
1. Entering an amount on the right side of an account.
2. The left side of an account.
3. The basic form of an account.
4. Entering an amount on the left side of an account.
5. A list of accounts and the account numbers that identify their location.
6. A system that records in appropriate accounts the dual eff ect of each transaction.
7. An account balance on the side where an increase in the account is recorded.
8. An account balance if the total of the debit amounts exceeds the total of the credits.
9. An account balance if the total of the credit amounts exceeds the total of the debits.
10. The right side of an account.

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Related Book For  answer-question

College Accounting

ISBN: 1986

1st Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Deanna C. Martin, Jill E. Mitchell

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