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Author: Strickland Sharon
Description: Match the accounting term to the correct defintion.
Keywords: Accounting , Definitions, , , , , online teaching

0. General ledger
1. Accounting cycle
2. Profit margin
3. Book value
4. Credit
5. Unearned revenue
6. Debit
7. Chart of Accounts
8. Prepaid expenses
9. Plant asset
10. Source document
11. Trial balance
12. Long-term liability
13. Current ratio
14. General journal
15. Debt ratio

0. Recorded on the right abbreviated Cr.
1. Ratio of a company%27s net income to it%27s net sales
2. List of accounts and their balances at a point in time
3. Source of information for accounting entries
4. Ratio of total liabilities to total assets used to measure risk
5. Record containing all accounts for a business
6. Asset%27s cost less it%27s accumulated depreciation
7. Liability created when customer pays in advance
8. Used to record debits and credits from transactions
9. Current assets divided by current liabilites
10. Recorded on the left abbreviated Dr.
11. Reoccuring steps repeated each accounting period
12. Obligation not due to be paid within one year
13. List of accounts used by a company
14. Items paid for in advance of receiving their benefits
15. Tangible, long-term asset used to produce or sell