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Question
Match the following definitions and terms by placing the letter that identifies the best definition in the blank space next to the term.a. A simple form used as a helpful tool in understanding the effect of transactions and events on specific accounts.
b. The most flexible type of journal, it can be used to record any kind of transaction.
c. A journal entry that affects at least three accounts.
d. A written promise from a customer to pay a definite sum of money on a specified future date.
e. A record of the increases and decreases in a specific asset, liability, equity, revenue, or expense item.
f. A list of all accounts used by a company and the identification number assigned to each account.
g. The process of transferring journal entry information to the ledger.
h. A list of accounts and their balances at a point in time; the total debit balances should equal the total credit balances.
i. A column in journals where individual account numbers are entered when entries are posted to ledger accounts.
j. Liabilities created when customers pay in advance for products or services; satisfied by delivering the products or services in the future.
1)Account
2)General journal
3)Posting reference column
4)T-account
5)Note receivable
6)Chart of accounts
7)Posting
8)Compound journal entry
9)Trial Balance
10)Unearned revenues
Answer
This answer is hidden. It contains 40 characters.
Related questions
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D.Prepaid expenses, depreciation, and unearned revenues often require adjusting entries to record the effects of the passage of time.
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E.All of these.
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