Matching 1 point for each question, 12 points

a.	Post-closing trial balance
b.	Closing entries
c.	Double-entry accounting
d.	Subsidiary ledger
e.	Account statements
f.	Credit
g.	Business documents
h.	Real accounts
i.	Trial balance
j.	Special journal
k.	Adjusting entries
l.	Work sheet
m.	Posting
n.	General purpose financial statements
o.	General ledger
p.	Control account
q.	Accrual accounting
r.	Transactions
s.	Debit

____ 24. Accounts that are not closed to a zero balance at the end of each period.

____ 25. A system of recording transactions in a way that maintains the equality of the accounting equation.

____ 26. Exchanges of goods or services between entities.

____ 27. A group of accounts providing the detail for a specific general ledger control account.

____ 28. A system of accounting in which revenues and expenses are recorded as they are earned and incurred, not necessarily when cash is received or paid.

____ 29. A book or computer printout of accounts that includes all asset, liability, owners' equity, revenue, and expense accounts.

____ 30. The process of classifying and grouping similar transactions in common accounts by transferring amounts from the journal to the ledger.

____ 31. Entries required at the end of each accounting period to update the accounts as necessary and to fully recognize, on an accrual basis, revenues and expenses for the period.

____ 32. A columnar schedule used to summarize accounting data; often used to facilitate the preparation of the financial statements.

____ 33. An entry on the right side of an account.

____ 34. An accounting record used to record a particular type of frequently recurring transaction, such as sales or purchases.

____ 35. Entries that reduce all nominal accounts to a zero balance at the end of each accounting period.