Match the following definitions and terms.
A. Debit
B. Credit
C. Double-entry accounting
D. Trial balance
E. T-account
F. Journal
G. Source documents
H. Ledger
I. Posting
J. Account
A. An increase in an asset and expense account, and decrease in a liability, common stock,
and revenue account; recorded on the left side of a T-account.
B. Decrease in an asset, dividend and expense account, and increase in a liability, common stock and revenue account; recorded on the right side of a T-account.
C. An accounting system where each transaction affects and is recorded in at least two
accounts; the sum of the debits for each entry must equal the sum of its credits.
D. A list of accounts and their balances at a point in time.
E. A representation of a ledger account used to understand the effects of transactions.
F. A company's chronological record of each transaction in one place that shows debits and credits for each transaction.
G. Verifiable evidence that transactions have occurred used to record accounting information.
H. A record containing all the accounts of a company and their balances.
I. The process of transferring journal entry information to the ledger accounts.
J. A record of the increases and decreases in a specific asset, liability, equity, revenue, or
expense item.
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