Match the following definitions and terms by placing the number that identifies the best definition in the blank space next to the term.
- An accounting system where the impact of each transaction is recorded in at least two accounts; the sum of the debits for each entry must equal its credits
A) Credit
B) Journal
C) Account
D) Ledger
E) Source documents
F) Accounting records
G) Debit
H) T-account
I) Posting
J) Double-entry accounting
Correct Answer:
Verified
Q186: The difference between total debits and total
Q197: A _ is a record containing all
Q212: Match the following definitions and terms by
Q213: Match the following definitions and terms by
Q214: Match the following definitions and terms by
Q216: Match the following definitions and terms by
Q217: Match the following definitions and terms by
Q218: Match the following definitions and terms by
Q219: Match the following definitions and terms by
Q220: Match the following definitions and terms by
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents