Match the terms with the definitions.

-The difference between the footings of an account.
A) balance
B) credit
C) credit balance
D) debit
E) debit balance
F) double-entry accounting
G) footings
H) normal balance
I) $ T $ account
J) trial balance

Question

Match the terms with the definitions.
 
-The difference between the footings of an account.
A) balance
B) credit
C) credit balance
D) debit
E) debit balance
F) double-entry accounting
G) footings
H) normal balance
I) $ T $ account
J) trial balance

Quizplus · Accepted Answer

The term "balance" refers to the difference between the footings (totals) of an account, which is the net amount after subtracting the smaller total from the larger total.

Match the Terms with the Definitions T T T Account J) Trial Balance

Match the Terms with the Definitions $T$ Account
J) Trial Balance