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Match the accounting terms with the corresponding definitions
1. Posting
2. Account
3. Debit
4. Journal
5. Chart of accounts
6. Trial balance
7. Normal balance
8. Ledge
9. Credit
10. Compound journal entry
a. A detailed record of all increases and decreases that have occurred in a particular asset, liability, or equity during a period
b. The record-holding all the accounts of a business, the changes in those accounts, and their balances
c. A journal entry that is characterized by having multiple debits and/or multiple credits
d. A record of transactions in date order
e. Left side of a T-account
f. Side of an account where increases are recorded
g. Transferring amounts from the journal to the ledger
h. Right side of a T-account
i. A list of all accounts with their balances at a point in time j. A list of all accounts with their account numbers

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Answer:

Explanation:

1. Posting Transferring amounts from the journal to the ledger 

2. Account A detailed record of all increases and decreases that have occurred in a particular asset, liability, or equity during a period

3. Debit Left side of a T-account 

4. Journal A record of transactions in date order 

5. Charts of accounts A list of all accounts with their account number

6. Trial balance  A list of all accounts with their balances at a point in time

7. Normal balance Side of an account where increases are recorded 

8. Ledger A journal entry that is characterized by having multiple debits and/or multiple credits 

9. Credit Right side of a T-account 

10. Compound journal entry The record-holding all the accounts of a business, the changes in those accounts, and their balances

Answer:

Answers are : 1 (g),  2 (a), 3 (e), 4 (d), 5 (j) , 6 (i), 7 (f), 8 (b), 9 (h), 10 (c)

Explanation:  

Corresponding options are given below:

1. Posting --(g) - Definition: Transferring amounts from the journal to the ledger.

2.Account -- (a)- Definition: A detailed record of all increases and decreases that have occurred in a particular asset, liability, or equity during a period.

3. Debit --(e)- Definition: Left side of a T-account.

4. Journal -- (d)- Definition: A record of transactions in date order.

5. Chart of accounts -- (j)- Definition: A list of all accounts with their account numbers.

6. Trial balance --(i)- Definition: A list of all accounts with their balances at a point in time.

7. Normal balance --(f)- Definition: Side of an account where increases are recorded.

8. Ledger -- (b)- Definition: The record-holding all the accounts of a business, the changes in those accounts, and their balances.

9. Credit -- (h)- Definition: Right side of a T-account.    

10.Compound journal entry -- (c)- Definition: A journal entry that is characterized by having multiple debits and/or multiple credits.

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