Matching Definitions with Terms

Match each definition with its related term by entering the appropriate letter in the space provided. There

should be only one definition per term (that is, there are more definitions than terms).

Term Definition

(1) Journal entry A. Accounting model.

(2) A = L + SE, and

Debits = Credits

B. Four periodic financial statements.

C. The two equalities in accounting that aid in providing

accuracy.

D. The results of transaction analysis in accounting

format.

E. The account that is debited when money is borrowed

from a bank.

F. Probable future economic benefits owned by an entity.

G. Cumulative earnings of a company that are not

distributed to the owners.

(3) Assets = Liabilities +

Stockholders Equity

(4) Liabilities

(5) Income statement, balance sheet,

statement of retained earnings,

and statement of cash flows

H. Every transaction has at least two effects.

I. Probable debts or obligations to be paid with assets

or services