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Match the Following Terms with Their Correct Definition

Question 122

Short Answer

Match the following terms with their correct definition.
a.Account
f.Debit
b.Accounting cycle
g.Event
c.Chart of accounts
h.General ledger
d.Cost vs. benefit
i.Journal
e.Credit
j.Trial balance
-A list of all active accounts and each account's debit or credit balance.

Correct Answer:

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