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Match the terms with the definitions.

1. Occurs when debit or credit amounts move a digit or two to the left or right when entered.
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2. A list of all accounts (account titles) used by a business.
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3. Entering the transactions in a journal.
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4. A day-by-day listing of the transactions of a business.
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5. An entry requiring more than one debit and/or one credit.
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6. Contains columns for the debit or credit transactions and columns for the debit or credit running balance. In addition, there are columns for the date, description of the item, and posting reference.
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Answer :

GinnyAnswer

Final answer:

Debits and Credits are fundamental in accounting, a journal records daily transactions, and compound entries involve multiple debits or credits.


Explanation:

Debits and Credits are the foundation of accounting, where each transaction has a debit and credit side. A journal is a day-by-day record of transactions entered before being posted to accounts. An entry that requires multiple debits and/or credits is known as a compound entry.


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