E2-10 Using accounting vocabulary Match the accounting terms with the corresponding definitions. a. A detailed record of all increases and decreases that have occurred in a particular asset, liability, or equity during a period 1. Posting 2. Account 3. Debit b. The record holding all the accounts of a business, the changes in those accounts, and their balances 4. Journal c. A journal entry that is characterized by having multiple debits and/or multiple credits 5. Chart of accounts 6. Trial balance d. A record of transactions in date order 7. Normal balance e. Left side of a T-account 8. Ledger f. Side of an account where increases are recorded 9. Credit g. Transferring amounts from the journal to the ledger 10. Compound journal entry h. Right side of a T-account i. A list of all accounts with their balances at a point in time j. A list of all accounts with their account numbers

E2-10 Using accounting vocabulary Match the accounting terms with the corresponding definitions. a. A detailed record of all increases and decreases that have occurred in a particular asset, liability, or equity during a period 1. Posting 2. Account 3. Debit b. The record holding all the accounts of a business, the changes in those accounts, and their balances 4. Journal c. A journal entry that is characterized by having multiple debits and/or multiple credits 5. Chart of accounts 6. Trial balance d. A record of transactions in date order 7. Normal balance e. Left side of a T-account 8. Ledger f. Side of an account where increases are recorded 9. Credit g. Transferring amounts from the journal to the ledger 10. Compound journal entry h. Right side of a T-account i. A list of all accounts with their balances at a point in time j. A list of all accounts with their account numbers

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter3: Basic Accounting Systems: Accrual Basis

Section: Chapter Questions

Problem 3.5E: Accrual basis of accounting Margie Van Epps established Health Services, P.C., a professional...

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