Fill in the Blank Questions
215._____________ and ______________ are the starting points for the
analyzing and recording
process.
Business transactions; Events
216.The second step in the analyzing and recording process is to record the transactions and events in the book of original entry, called the ______________.
217.The third step in the analyzing and recording process is to post the information to the ___________________.
218._________________ documents identify and describe transactions and events and provide objective evidence and amounts for recording.
219.Revenues and expenses are two categories of ____________________ accounts.
220.The _______________________ is a record containing all accounts used by a company as well as the transactions and ending balances of each of the accounts.
221.___________________ are promises of payment from customers to sellers.
222.Unearned revenue is classified as a(an) _______________ on a business's balance sheet.
223.The four categories of equity accounts are ________________, __________________, ______________________, and ______________________.
224.A _______________ is a
list
of all the accounts used by a company and their identification codes but does not contain the balances.