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3 years ago

Match the following:

Business

1 answer:

alexira [117]3 years ago

4 0

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

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