Match the accounting terms with the corresponding definitions. A (Click the icon to view the accounting terms.) Definition Accounting Term a. A detailed record of all increases and decreases that have occurred in a particular asset, liability, or equity during a period b. The record holding all the accounts of a business, the changes in those accounts, and their balances c. A journal entry that is characterized by having multiple debits and/or multiple credits More Info d. A record of transactions in date order e. Left side of a T-account 1. Posting f. Side of an account where increases are recorded 2. Account g. Transferring amounts from the journal to the ledger 3. Debit h. Right side of a T-account 4. Journal 5. Chart of accounts 6. Trial balance I. A list of all accounts with their balances at a point in time j. A list of all accounts with their account numbers 7. Normal balance 8. Ledger 9. Credit 10. Compound journal entry

Match the accounting terms with the corresponding definitions. A (Click the icon to view the accounting terms.) Definition Accounting Term a. A detailed record of all increases and decreases that have occurred in a particular asset, liability, or equity during a period b. The record holding all the accounts of a business, the changes in those accounts, and their balances c. A journal entry that is characterized by having multiple debits and/or multiple credits More Info d. A record of transactions in date order e. Left side of a T-account 1. Posting f. Side of an account where increases are recorded 2. Account g. Transferring amounts from the journal to the ledger 3. Debit h. Right side of a T-account 4. Journal 5. Chart of accounts 6. Trial balance I. A list of all accounts with their balances at a point in time j. A list of all accounts with their account numbers 7. Normal balance 8. Ledger 9. Credit 10. Compound journal entry

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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