Listed below are ten terms followed by a list of phrases that describe or characterize five of the terms.Match each phrase with the best term by placing the letter designating the term in the space provided.
-____ Refers to the right side of an account.

Question

Quizplus · Accepted Answer

Referring to the right side of an account is known as a credit.

Answer: B
 The opposite of a credit is a debit.

Answer: C
 A journal entry is a record of a transaction in a general journal.

Answer: D
 Liabilities refer to obligations or debts owed by a company.

Answer: E
 Revenues are the income earned by a company from its normal business operations.

Listed Below Are Ten Terms Followed by a List of Phrases