AcctCh2 Test
Enter the letter for the matching Definition
| A. A ratio of total liabilities to total assets; used to describe risk associated with a company's debts.B. Recorded on the left side; an entry that increases asset and expense accounts, and decreases liability, equity, and revenue accounts.C. Individuals or organizations entitled to receive payments from a company.D. The process of transferring journal entry information to the ledger.E. An accounting system in which each transaction affects at least two accounts and has at least one debit and one credit.F. The difference between the increases (including the beginning balance) and decreases in an account.G. A location within an accounting system where increases and decreases in a specific asset, liability, equity, revenue, or expense are recorded and stored.H. An account form used as a tool to show the effects of transactions and events on specific accounts.I. An account with debit and credit columns for recording entries and another column for showing the balance of the account after each entry.J. A record of the debits and credits of transactions; can be used to record any transaction.K. Account showing the owner's claim on company assets; equals owner investments plus net income (or less net losses) minus owner withdrawals since the company's inception; also referred to as equity. |
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DarciEven
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