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Match the items below by entering the appropriate code letter in the space provided.
A. Account
B. Normal account balance
C. Debit
D. Revenue account
E. Compound entry
F. Journal
G. Posting
H. Chart of accounts
I. Trial balance
J. Simple entry
1. An entry that involves three or more accounts.
2. Transferring journal entries to ledger accounts.
3. The side which increases an account.
4. A list of all the accounts used by an enterprise.
5. A record of increases and decreases in specific assets, liabilities, and owner's equity items.
6. Left side of an account.
7. An entry that involves only two accounts.
8. A book of original entry.
9. A list of accounts and their balances at a given time.
10. Has a credit normal balance
Answers to Matching
Strategic Roles
Positions or responsibilities within an organization focused on developing long-term objectives and ensuring the alignment of operations with overall mission and goals.
Administrative Budget
A budget focusing on non-production expenses which includes costs related to running a business such as administrative salaries and office supplies.
Supply Function
The relationship between the price of a good and the quantity supplied, typically showing a positive correlation.
Expenses
Costs incurred in the course of business operations or activities, including operational costs, salaries, and utilities.
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