M$2-3$ Matching Terms with Definitions

$\backslash$table$[[1,,$Journal Entry$],[2,,$A $=$ L $+$ SE; Debits $=$ Credits$],[3,,$Transaction$],[4,,$Liabilities$],[5,,$Assets$],[6,,$Financial Statements$]]$

a$.$ An exchange or event that has a direct and measurable financial effect.

b Four periodic financial statements

c$.$ The two equalities in accounting that aid in providing accuracy.

d$.$ The results of transaction analysis in debits $=$ credits format.

e$.$ The account that is debited when money is borrowed from a bank.

f$.$ A resource owned by a business, with measurable value and expected future benefits.

g$.$ Cumulative earnings of a company that are not distributed to the owners.

h$.$ Every transaction has at least two effects.

i$.$ Amounts presently owed by a business.

j$.$ Assigning dollar amounts to transactions.