Question

tlons: Match each of the statements below with its proper terms may not be used Some A. account B. assets C. balance of the account D. chart of accounts E. credits F. debits G. double-entry accounting H. drawing O. liabilities P. materiality concept Q. objectivity concept R. owner's equity S. posting T. revenues U. slide V. T account W. transposition X. trial balance J. horizontal analysis K. journal L. journal entry M. jounalizing Y. two-column journal Z uneaned revenue AA. vertical analysis N. ledger 1. An accounting form is in each financial statement item. financiem that is used to record the increases and decreases 2. A group of accounts for a business. A list of the accounts in the ledger. ー-3. 4 Resources that are owned by the business. 5. Debts owed to outsiders (creditors) 6. The owner's right to the assets of the business. 7. Increases in owner's equity as a result of selling services or products to customers. 8, Assets used up or services consumed in the process of generating revenues. 9. The simplest form of an account. 10. Amounts entered on the left side of an account. 11. Amounts entered on the right side of an account. 12. The amount of the difference between the debits and the credits that have been entered into an account. 13. The initial record in which the effects of a transaction are recorded. 14. The process of recording a transaction in the journal. 15. The form of recording a transaction in a journal. 6. A system of accounting for recording transactions, based on recording increases and decreases in accounts so that debits equal credits.

Answer 1

1	A
2	N
3	D
4	B
5	O
6	R
7	T
8	I
9	V
10	F
11	E
12	C
13	K
14	M
15	L
16	G
17	H
18	S
19	Y
20	Z
21	X
22	P
23	W
24	U
25	J