Question

Match the following:
Part A
1. Posting
2. Expense
3. Debit
4. Trial balance
5. Equity
6. Net income
7. Receivable
8. Chart of accounts
9. Payable
10. Journal
11. Normal balance
12. Ledger
Part B
A. The cost of operating a business; a decrease in stockholders' equity
B. Always an asset
C. Side of an account where increases are recorded
D. Lists a company's accounts and account numbers (no account balances in this item)
E. Copying data from the journal to the ledger
F. Assets - Liabilities
G. Revenues - Expenses
H. Lists all accounts with their balances
I. Always a liability
J. Record of transactions
K. Left side of an account
L. The book of accounts and their balances

Answer 1

Answer:

The match is as follow

1. Posting   ⇒   E. Copying data from the journal to the ledger

2. Expense  ⇒ A. The cost of operating a business; a decrease in stockholders' equity

3. Debit      ⇒  K. Left side of an account

4. Trial Balance   ⇒  L. The book of accounts and their balances

5. Equity    ⇒  F. Assets - Liabilities

6. Net Income  ⇒  G. Revenues - Expenses

7. Receivable  ⇒ B. Always an asset

8. Chart of Accounts  ⇒ H. Lists all accounts with their balances

9. Payable   ⇒ I. Always a liability

10. Journal    ⇒  D. Lists a company's accounts and account numbers (no account balances in this item)

11. Normal Balance  ⇒ C. Side of an account where increases are recorded

12. Ledger   ⇒    J. Record of transactions