149. Match the following definitions and terms by placing the number that identifies the best definition in the blank space next to the term: 1. Balance column account An increase in an asset, dividend, and expense account and a decrease in a liability, common stock, and revenue account; recorded on the left side of a T-account. 2. Debt ratio A written promise to pay a definite sum of money on a specified future date. 3. Account balance A file containing all accounts of a company and their balances. 4. Chart of accounts A complete record of all transactions in one place that shows debits and credits for each transaction. 5. Ledger The ratio of total liabilities to total assets; used to reflect the risk associated with the company's debts. 6. Journal A list of all accounts used by a company and the identification number assigned to each account. 7. Note payable A list of accounts and their balances at a point in time; the total debit balances should equal the total credit balances. 8. Trial balance A decrease in an asset, dividend, and expense account and an increase in a liability, common stock, and revenue account; recorded on the right side of a T-account. 9. Credit The difference between total debits and total credits for an account including the beginning balance. 10. Debit An account with debit and credit columns for recording entries and a third column for showing the balance of the account after each entry.

149. Match the following definitions and terms by placing the number that identifies the best definition in the blank space next to the term: 1. Balance column account An increase in...

149. Match the following definitions and terms by placing the number that identifies the best definition in the blank space next to the term:

1. Balance column account	An increase in an asset, dividend, and expense account and a decrease in a liability, common stock, and revenue account; recorded on the left side of a T-account.
2. Debt ratio	A written promise to pay a definite sum of money on a specified future date.
3. Account balance	A file containing all accounts of a company and their balances.
4. Chart of accounts	A complete record of all transactions in one place that shows debits and credits for each transaction.
5. Ledger	The ratio of total liabilities to total assets; used to reflect the risk associated with the company's debts.
6. Journal	A list of all accounts used by a company and the identification number assigned to each account.
7. Note payable	A list of accounts and their balances at a point in time; the total debit balances should equal the total credit balances.
8. Trial balance	A decrease in an asset, dividend, and expense account and an increase in a liability, common stock, and revenue account; recorded on the right side of a T-account.
9. Credit	The difference between total debits and total credits for an account including the beginning balance.
10. Debit	An account with debit and credit columns for recording entries and a third column for showing the balance of the account after each entry.

May 15, 2022