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Accounting has its own vocabulary and basic relationships. Match the accounting terms at the left with the corresponding definition or meaning at the right. Accounting

Accounting has its own vocabulary and basic relationships. Match the accounting terms at the left with the corresponding definition or meaning at the right.

Accounting Term

Definition or Meaning

Posting

Expense

Debit

Trial balance

Equity

Net income

Receivable

Chart of accounts

Payable

Journal

Normal balance

Ledger

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