Question

Using accounting vocabulary

Match the accounting terms with the corresponding definitions.

. Posting 2. Account 3. Debit 4. Journal 5. Chart of accounts 6. Trial balance 7. Normal balance 8. Ledger 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

Short answer

Accounting is recording, reporting, and interpreting the financial transaction and all the accounting terms are matched with the relevant definitions are given in step 2.

Step-by-step solution

Definition of Accounting

Accounting is defined as the process of recording, reporting, and interpreting the financial transaction of the business that occurred during the period.

Matching the accounting terms with definitions

Accounting Terms	Definition
1 Posting	(G)
2 Account	(A)
3 Debit	(E)
4 Journal	(D)
5 Chart of accounts	(J)
6 Trial balance	(I)
7 Normal Balance	(F)
8 Ledger	(B)
9 Credit	(H)
10 Compound Journal Entry	(C)