Match Terms

PART IV TABLE COMPLETION (10 Points) Match the following terms with the definitions or statements listed below. Indicate your answers in the spaces provided. a. b. C. i. Accounting cycle Accounting period Adjusting Book value Cross-referencing General journal g. Posting h. Residual value Slide j. Transposition k. Trial balance Worksheet d. e. f. I. Answer 1. A multi-column form used by accountants as an aid in gathering data to complete the accounting cycle. 2. An informal listing of the ledger accounts and their balances that aids in proving the equality of debits and credits. 3. A form used to record business transactions in chronological order. 4. The period of time for which an income statement is prepared. 5. The transferring or copying of information from the journal to the ledger 6. The error that results in adding or deleting zeros in the writing of a number. 7. Estimated value of an asset after all the allowable depreciation has been taken. 8. The process of calculating the latest up-to-date balance of each account at the end of an accounting period. 9. Cost of equipment less accumulated depreciation. 10. Adding account numbers to the PR columns in the ledger and the journal to indicate the source and destination of each transaction, respectively