Chapter 2, Problem 3E

Exercise 2-3 Identifying a ledger and chart of accounts C3

Enter the number for the item that best completes each of the descriptions below.

1. Chart
2. General ledger
3. Journal
4. Account
5. Source document

a. A(n)__________of accounts is a list of all accounts a company uses, not including account balances.
b. The__________is a record containing all accounts used by a company, including account balances.
C. A(n)__________describes transactions entering an accounting system, such as a purchase order.
d. Increases and decreases in a specific asset, liability, equity, revenue, or expense are recorded in a(n)
e. A(n)__________has a complete record of every transaction recorded.