S2-12. (Learning Objective 2: Define accounting terms) 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. Debit 2. Expense 3. Net income 4. Ledger 5. Posting 6. Normal balance 7. Payable 8. Journal 9. Receivable 10. Owners equity

A. The cost of operating a business; a decrease in stockholders equity B. Assets Liabilities C. Grouping of accounts D. Copying data from the journal to the ledger E. Record of transactions F. Revenues Expenses G. Left side of an account H. Always an asset I. Side of an account where increases are recorded J. Always a liability