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Match the Items Below by Entering the Appropriate Code Letter

Question 163

Matching

Match the items below by entering the appropriate code letter in the space provided.

Premises:
An accounting record of increases and decreases in specific assets, liabilities, and owner's equity items.
An entry that involves only two accounts.
The side which increases an account.
A list of all the accounts used by an enterprise.
An entry that involves three or more accounts.
A book of original entry.
A list of accounts and their balances at a given time.
Left side of an account.
Transferring journal entries to ledger accounts.
Has a credit normal balance.
Responses:
Chart of accounts
Normal account balance
Simple entry
Posting
Debit
Trial balance
Journal
Compound entry
Revenue account
Account

Correct Answer:

An accounting record of increases and decreases in specific assets, liabilities, and owner's equity items.
An entry that involves only two accounts.
The side which increases an account.
A list of all the accounts used by an enterprise.
An entry that involves three or more accounts.
A book of original entry.
A list of accounts and their balances at a given time.
Left side of an account.
Transferring journal entries to ledger accounts.
Has a credit normal balance.
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