Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 22 Sep 2017 My Price 6.00

journal to the ledger

S2-12 (Learning Objective 2: Define accounting terms) Accounting has its own vocabulary and basic relationships. Match the accounting terms at the left with the corresponding definition or meaning at the right.

               1. Debit                         A. Always an asset

              2. Expense                        B. Side of an account where increases are recorded

               3. Net income                   C. Record of transactions

               4. Ledger                       D. The cost of operating a business; a decrease in

              5. Posting                          stockholder’s equity

              6. Normal balance               E. Grouping of accounts

              7. Payable                       F.  Copying data from the journal to the ledger

              8. Journal                      G. Revenues – Expenses

              9. Receivable                   H. Always a liability

            10. Owners’ equity               I. Left side of an account

J. Assets – Liabilities

Answers

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Status NEW Posted 22 Sep 2017 06:09 PM My Price 6.00

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