Match the Items Below by Entering the Appropriate Code Letter

question 183

Short Answer

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 a company.
5. A record of increases and decreases in specific assets, liabilities, and stockholdersl 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

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Definitions:

Bank Cash

The amount of cash that a bank has in its vaults and with the central bank; also a term used to describe readily available funds.

Float

The total number of shares publicly available for trading in the stock market, excluding those held by insiders, the company, or other restricted entities.

Miller-Orr Model

A mathematical model used in finance to manage cash flow and determine the optimal level of cash balances for a firm.

BAT Model

A theoretical framework that outlines the potential consequences of Brexit across different sectors and regions.