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  3. tlons match each of the statements below with its proper...

Question: tlons match each of the statements below with its proper...

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tlons: Match each of the statements below with its proper terms may not be used Some A. account B. assets C. balance of the account D. chart of accounts E. credits F. debits G. double-entry accounting H. drawing O. liabilities P. materiality concept Q. objectivity concept R. owners equity S. posting T. revenues U. slide V. T account W. transposition X. trial balance J. horizontal analysis K. journal L. journal entry M. jounalizing Y. two-column journal Z uneaned revenue AA. vertical analysis N. ledger 1. An accounting form is in each financial statement item. financiem that is used to record the increases and decreases 2. A group of accounts for a business. A list of the accounts in the ledger. ー-3. 4 Resources that are owned by the business. 5. Debts owed to outsiders (creditors) 6. The owners right to the assets of the business. 7. Increases in owners equity as a result of selling services or products to customers. 8, Assets used up or services consumed in the process of generating revenues. 9. The simplest form of an account. 10. Amounts entered on the left side of an account. 11. Amounts entered on the right side of an account. 12. The amount of the difference between the debits and the credits that have been entered into an account. 13. The initial record in which the effects of a transaction are recorded. 14. The process of recording a transaction in the journal. 15. The form of recording a transaction in a journal. 6. A system of accounting for recording transactions, based on recording increases and decreases in accounts so that debits equal credits.
Chapter 2 17 he account used to record amounts withdrawn by an owner of a proprietorship. 18. The process of transferring the debits and credits from the journal entries to the accounts. 19. An all-purpose journal. 20. The liability created by receiving revenue in advance. A summary listing of the titles and balances of accounts in the ledger. the easiest possible way. $542 as $452 or $524. the right or the left, such as writing $542.00 as $54.20 or $5,420.00. the same item in prior statements. 21. 22. A concept of accounting that implies that an error may be treated in 23. An error in which the order of the digits is changed, such as writing 24. An error in which the entire number is moved one or more spaces to 25. Financial analysis that compares an item in a current statement with FILL IN THE BLANK-PART A Instructions: Answer the following questions or complete the statements by
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