Match the Following Terms with the Appropriate Definition

question 53

Multiple Choice

Match the following terms with the appropriate definition.
-Account balance

• A)A record containing all accounts of a company and their balances.
• B)A written promise to pay a definite sum of money on a specified future date.
• C)The difference between total debits and total credits for an account including the beginning balance.
• D)An increase in an asset, dividend, and expense account, and a decrease in a liability, common stock, and revenue account; recorded on the left side of a T-account.
• E)A list of accounts and their balances at a point in time; the total debit balances should equal the total credit balances.
• F)An account with debit and credit columns for recording entries and another column for showing the balance of the account after each entry.
• G)The ratio of total liabilities to total assets; used to reflect the risk associated with the company's debts.
• H)A list of all accounts used by a company and the identification number assigned to each account.
• I)A decrease in an asset, dividend, and expense account, and an increase in a liability, common stock, and revenue account; recorded on the right side of a T-account.
• J)A chronological record of each transaction in one place that shows debits and credits for each transaction.