Matching
Match the items below by entering the appropriate code letter in the space provided.
Premises:
A list of accounts and their balances at a given time.
Let side of an account.
Evidence that a transaction has taken place.
Shows the debit and credit effects of specific transactions.
The side which increases an account.
An accounting record of increases and decreases in specific assets, liabilities, and stockholders’ equity items.
Transferring journal entries to ledger accounts.
Has a credit normal balance
A lst of all the accounts used by a company.
The entire group of accounts maintained by a company.
Responses:
Trial balance
Journal
Account
Posting
Ledger
Chart of accounts
Normal account balance
Revenue account
Debit
Source document
Correct Answer:
Premises:
Responses:
A list of accounts and their balances at a given time.
Let side of an account.
Evidence that a transaction has taken place.
Shows the debit and credit effects of specific transactions.
The side which increases an account.
An accounting record of increases and decreases in specific assets, liabilities, and stockholders’ equity items.
Transferring journal entries to ledger accounts.
Has a credit normal balance
A lst of all the accounts used by a company.
The entire group of accounts maintained by a company.
Premises:
A list of accounts and their balances at a given time.
Let side of an account.
Evidence that a transaction has taken place.
Shows the debit and credit effects of specific transactions.
The side which increases an account.
An accounting record of increases and decreases in specific assets, liabilities, and stockholders’ equity items.
Transferring journal entries to ledger accounts.
Has a credit normal balance
A lst of all the accounts used by a company.
The entire group of accounts maintained by a company.
Responses:
Related Questions
Q32: The normal balance of any account is
Q73: Salaries and wages payable is a type
Q140: Comstock Company provided consulting services and billed
Q141: If a company buys a $700 machine
Q142: Are advanced receipts from customers treated as
Q143: A complete journal entry does <b>not</b> show<br>A)the
Q149: The payment of a liability decreases both
Q160: All of the following statements regarding the
Q161: Posting<br>A) should be performed in account number
Q183: Revenues are a subdivision of stockholders' equity.