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Match the Following Definitions and Terms

Question 224

Matching

Match the following definitions and terms.

Premises:
An entry that involves three or more accounts.
Transferring journal entries to ledger accounts.
The side which increases an account.
A list of all the accounts used by an enterprise.
A record of increases and decreases in specific assets, liabilities, and equity items.
Left side of an account.
An entry that involves only two accounts.
A book of original entry.
A list of accounts and their balances at a given time.
Has a credit normal balance
Responses:
Account
Normal account balance
Debit
Revenue account
Compound entry
Journal
Posting
Chart of accounts
Trial balance
Simple entry

Correct Answer:

An entry that involves three or more accounts.
Transferring journal entries to ledger accounts.
The side which increases an account.
A list of all the accounts used by an enterprise.
A record of increases and decreases in specific assets, liabilities, and equity items.
Left side of an account.
An entry that involves only two accounts.
A book of original entry.
A list of accounts and their balances at a given time.
Has a credit normal balance
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