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Match the accounting terms with the corresponding definitions Posting a
Match the accounting terms with the corresponding definitions
Posting a. a detailed record of all increases and decreases that have occurred in a particular asset, liability, or equity during a period
Account b. the record holding all the accounts of a business, the changes in those accounts, and their balances
Debit c. a journal entry that is characterized by having multiple debits and/or multiple credits
Journal d. a record of transactions in date order
Chart of accounts e. left side of a t-account
Trial balance f. side of an account where increases are recorded
Normal balance g. transferring amounts from the journal to the ledger
Ledge h. right side of a t-account
Credit i. a list of all accounts with their balances at a point in time
Compound journal entry j. a list of all accounts with their account numb
Expert Solution
| Posting | - | transferring amounts from the journal to the ledger |
| Account | - | a detailed record of all increases and decreases that have occurred in a particular asset, liability, or equity during a period |
| Debit | - | left side of a t-account |
| Journal | - | a record of transactions in date order |
| Chart of Accounts | - | a list of all accounts with their account numb |
| Trial Balance | - | a list of all accounts with their balances at a point in time |
| Normal Balance | - | side of an account where increases are recorded |
| Ledge | - | the record holding all the accounts of a business, the changes in those accounts, and their balances |
| Credit | - | right side of a t-account |
| Compound Journal Entry | - | a journal entry that is characterized by having multiple debits and/or multiple credits |
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