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Match the Items Below by Entering the Appropriate Code Letter

Question 182

Short Answer

Match the items below by entering the appropriate code letter in the space provided.
A. Account
B. Normal account balance
C. Debit
D. Revenue account
E. Compound entry
F. Journal
G. Posting
H. Chart of accounts
I. Trial balance
J. Simple entry
1. An entry that involves three or more accounts.
2. Transferring journal entries to ledger accounts.
3. The side which increases an account.
4. A list of all the accounts used by an enterprise.
5. A record of increases and decreases in specific assets, liabilities, and owner's equity items.
6. Left side of an account.
7. An entry that involves only two accounts.
8. A book of original entry.
9. A list of accounts and their balances at a given time.
10. Has a credit normal balance
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Correct Answer:

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1. E 6. C
2. G 7. J
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