Chapter 2 LO 1, 2, 3, 4, 5 S2-16. (Learning Objectives 1, 2, 3, 4, 5: Define accounting terms) Accounting has its own! vocabulary and basic relationships. Match the accounting terms at the left with the correspond ing definition or meaning at the right. 1. Posting A. The cost of operating a business; a decrease in stock 2. Expense holders' equity B. Always an asset 3. Debit C. Side of an account where increases are recorded 4. Trial balance D. Lists a company's accounts and account numbers (no 5. Equity account balances in this item) 6. Net income E. Copying data from the journal to the ledger 7. Receivable F. Assets - Liabilities 8. Chart of accounts G. Revenues - Expenses 9. Payable H. Lists all accounts with their balances 10. Journal I. Always a liability 11. Normal balance J. Record of transactions 12. Ledger K. Left side of an account L. The book of accounts and their balances