Homework 2 - A Record of transactions 10 Receivable B An...

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Valerie Bodden 10-0014 Accounting I –Homework #2 May 18, 2010 Page 92: S2-2 1. Equity J. Asset-Liabilities=_______________________ 2. Debit C. Left side of an account. 3. Expense F. Using up assets in the course of operating business. 4. Net Income H. Revenue-Expenses=______________________ 5. Ledger I. Book of accounts. 6. Posting E. Copying from the Journal to the Ledger 7. Normal Balance D. Side of an account where increases are recorded. 8. Payable G. Always a liability. 9. Journal
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Unformatted text preview: A. Record of transactions. 10. Receivable B. An asset. Page 96: E2-13 Vertically: 1. Right side of an account: Credit 4. The basic summary device of accounting: Account 6. Book of accounts: Ledger 7. An economic resource: Asset 8. Record of Transactions: Journal 9. Normal balance of a revenue: Credit Across: 2. Records a decrease in a liability: Debit 3. List of accounts with their balances: Trial Balance 5. Another word for liability: Debt...
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