Solved

Match the Items Below by Entering the Appropriate Code Letter

Question 283

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:

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.
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