Match the term with its definition. dr cr Classified Balance Sheet Common Stock
ID: 2609538 • Letter: M
Question
Match the term with its definition.
dr
cr
Classified Balance Sheet
Common Stock
Accounting Equation
Transaction
Accounts Payable
Journal Entry
The abbreviation for an item posted on the right side of a T-account.
A balance sheet that has assets and liabilities categorized as current vs. noncurrent.
Amounts owed to suppliers for goods or services bought on credit.
The expression that assets must equal liabilities plus stockholders' equity.
The abbreviation for an item posted on the left side of a T-account.
The account credited when cash is received in exchange for stock issued.
An exchange or event that has a direct impact on a company's financial statements.
A method of recording a transaction in debit/credit format.
- A. B. C. D. E. F. G. H.dr
- A. B. C. D. E. F. G. H.cr
- A. B. C. D. E. F. G. H.
Classified Balance Sheet
- A. B. C. D. E. F. G. H.
Common Stock
- A. B. C. D. E. F. G. H.
Accounting Equation
- A. B. C. D. E. F. G. H.
Transaction
- A. B. C. D. E. F. G. H.
Accounts Payable
- A. B. C. D. E. F. G. H.
Journal Entry
A.The abbreviation for an item posted on the right side of a T-account.
B.A balance sheet that has assets and liabilities categorized as current vs. noncurrent.
C.Amounts owed to suppliers for goods or services bought on credit.
D.The expression that assets must equal liabilities plus stockholders' equity.
E.The abbreviation for an item posted on the left side of a T-account.
F.The account credited when cash is received in exchange for stock issued.
G.An exchange or event that has a direct impact on a company's financial statements.
H.A method of recording a transaction in debit/credit format.
Explanation / Answer
dr The abbreviation for an item posted on the left side of a T-account.
cr The abbreviation for an item posted on the right side of a T-account.
Classified Balance Sheet A balance sheet that has assets and liabilities categorized as current vs. noncurrent.
Common Stock The account credited when cash is received in exchange for stock issued.
Accounting Equation The expression that assets must equal liabilities plus stockholders' equity.
Transaction An exchange or event that has a direct impact on a company's financial statements.
Accounts Payable Amounts owed to suppliers for goods or services bought on credit.
Journal Entry A method of recording a transaction in debit/credit format.