Match the Term with Its Definition

question 121

Multiple Choice

Match the term with its definition.(There are more definitions than terms. )
-T-Account

• A)A summary of account names and numbers.
• B)A simplified version of an account in the General Ledger.
• C)Compares balance sheet items from two different time periods.
• D)When a dollar value is assigned to an item recorded in the accounting system.
• E)A journal entry that lowers the balance of the account.
• F)An amount that is posted on the left side of a T-account or ledger.
• G)The concept that a company must keep separate accounts by time period.
• H)An amount that is posted on the right side of a T-account or ledger.
• I)Assets are initially recorded at the amount paid to acquire them.
• J)When journal entries are recorded in the appropriate T-account or ledger.
• K)When a company's balance sheet has been verified by an outside auditor.
• L)The principle that a company should use the least optimistic measure,when uncertainty exists.
• M)The concept that any transaction must have at least two effects on the accounting equation.
• N)The mechanism used to record each transaction in the General Journal.

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Definitions:

Mountain Pine Beetles

Small beetles that bore into and kill pine trees by laying eggs under the bark, often leading to large-scale forest damage.

Appalachian Mountains

A mountain range in eastern North America, extending from Canada to Alabama, known for its biodiversity and coal reserves.

Western Canada

A region of Canada that includes the provinces of British Columbia, Alberta, Saskatchewan, and Manitoba, known for its diverse landscapes and economies.

DDT

Dichloro-Diphenyl-Trichloroethane, a synthetic insecticide known for its environmental persistence and its role in the decline of certain wildlife populations before restrictions were placed on its use.