Solved

Match the Correct Definitions Below with the Terms

Question 20

Matching

Match the correct definitions below with the terms .

Premises:
Number assigned to an account
Process of recording transactions in a journal
Process of transferring accounts and amounts from journal to ledger
Recording assets at actual cost
Official list of all ledger accounts
A book containing all the accounts of an enterprise
Book of original entry
Business papers supporting transactions
Complete record of transactions recorded in each individual account
Journal that has one column for debit amounts and one column for credit amounts
Responses:
Chart of accounts
Journalizing
General ledger account
General ledger
Journal
Source documents
Posting
Account number
General journal
Cost principle

Correct Answer:

Number assigned to an account
Process of recording transactions in a journal
Process of transferring accounts and amounts from journal to ledger
Recording assets at actual cost
Official list of all ledger accounts
A book containing all the accounts of an enterprise
Book of original entry
Business papers supporting transactions
Complete record of transactions recorded in each individual account
Journal that has one column for debit amounts and one column for credit amounts
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