Match the Terms with the Definitions $T$ Account
J) Trial Balance

question 49

Multiple Choice

Match the terms with the definitions.

-A list of accounts,showing the title and balance of each account,used to prove that the debit balances equal the credit balances.

• A) balance
• B) credit
• C) credit balance
• D) debit
• E) debit balance
• F) double-entry accounting
• G) footings
• H) normal balance
• I) \( T \) account
• J) trial balance

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Definitions:

Untaxed Income

Income that is not subject to taxation by the authorities.

1040EZ Form

A simpler version of the IRS tax form for individuals with straightforward financial situations, no longer in use as of the 2018 tax year.

Single

Filing status for unmarried taxpayers that is indicated on tax forms which determine the tax rate paid.

Married Filing Jointly

Filing status for married taxpayers who chose to fill out separate income tax returns.