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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Question

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
i. A list of all accounts with their balances at a point in time
6. Trial balance
j. A list of all accounts with their account numbers
7. Normal balance
8. Ledger
9. Credit
10. Compound journal entry
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