Accounting: What the Numbers Mean 9th Edition by Wayne W McManus, Daniel F Viele, David H Marshall

Exercise 45

Following are a number of the key terms and concepts introduced in the chapter, along with a list of corresponding definitions. Match the appropriate letter for the key term or concept to each definition provided (items 1–15). Note that not all key terms and concepts will be used.

a. Balance sheet equation	h. Account
b. Transactions	i. Chart of accounts
c. On account	j. T-account
d. Accrued (or accrual)	k. Account balance
e. Journal	l. Debit
f. Post (posting)	m. Credit
g. Ledger	n. Entry
o. Balance	s. Adjusting journal entry
p. Charge	t. Closing the books
q. Journal entry	u. Transaction analysis methodology
r. Source document

____________ The process of recording a transaction in the respective ledger accounts using a journal entry as the source of information recorded.