Listed below are several terms and phrases associated with the measurement process for external transactions. List A  List B _______1. Account  a. Record of all transactions affecting a company. _______2. Analyze transactions  b. Determine the dual effect of business events on the accounting equation. _______3. Journal c. List of accounts and their balances. _______4. Post d. Summary of the effects of all transactions related to a particular item over a period of time _______5. Trial balance e. Transfer balances from the journal to the general ledger. Required:Pair each item from List A with the item from List B to which it is most appropriately associated.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Listed below are several terms and phrases associated with the measurement process for external transactions.

List A  List B
_______1. Account  a. Record of all transactions affecting a company.
_______2. Analyze transactions  b. Determine the dual effect of business events on the accounting equation.
_______3. Journal c. List of accounts and their balances.
_______4. Post d. Summary of the effects of all transactions related to a particular item over a period of time
_______5. Trial balance e. Transfer balances from the journal to the general ledger.

Required:
Pair each item from List A with the item from List B to which it is most appropriately associated.

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