Match the Following Definitions and Terms by Placing the Number

question 112

Multiple Choice

Match the following definitions and terms by placing the number that identifies the best definition in the blank space next to the term.

-     The sources of accounting information. 

• A) Credit 
• B) Journal 
• C) Account 
• D) Ledger 
• E) Source documents 
• F) Accounting records 
• G) Debit 
• H) T-account 
• I) Posting 
• J) Double-entry accounting 

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Definitions:

LLC

Limited Liability Company, a flexible form of enterprise that blends elements of partnership and corporate structures, providing limited liability to its owners.

Business Tax Return

The documentation filed to report a business's income, expenses, and other tax information to government tax authorities.

Form 1040 Schedule C

A tax form used by sole proprietors to report business income and expenses to the IRS.

Form 1120

A tax form used by corporations in the United States to report their income, gains, losses, deductions, and credits to the Internal Revenue Service.