Chapter 2, Problem 3E

Identifying a ledger and chart of accounts

C3

Enter the number for the item that best completes each of the descriptions below.

1. Chart

2. General ledger

3. Journal

4. Account

5. Source document

a. A(n) ___ of accounts is a list of all accounts a company uses, not including account balances.

b. The ___ is a record containing all accounts used by a company, including account balances.

c. A(n) ___ describes transactions entering an accounting system, such as a purchase order.

d. Increases and decreases in a specific asset, liability, equity, revenue, or expense are recorded in a(n) ____.

e. A(n) ___ has a complete record of every transaction recorded.