Using accounting vocabulary [10 min]
Accounting has its own vocabulary and basic relationships.
Requirement
1. Match the accounting terms on the left with the corresponding definitions on the right.
_____1. | Posting | A. | Using up assets in the course of operating a business |
_____2. | Receivable |
| |
_____3. | Debit | B. | Book of accounts |
_____4. | Journal | C. | An asset |
_____5. | Expense | D. | Record of transactions |
_____6. | Net income | E. | Left side of an account |
_____7. | Normal balance | F. | Side of an account where increases are recorded |
_____8. | Ledger | G. | Copying data from the journal to the ledger |
_____9. | Payable | H. | Always a liability |
____10. | Equity | I. | Revenues - Expenses =_____ |
|
| J. | Assets - Liabilities =_____ |
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.