Matching Pairs General Journal & General ReviewOnline version Match the information or term from column a, with the one that corresponds in column b. by Janelle Vernon 1 2 Purchase on Credit, on account means.... 3 General Journal Review Process 4 5 General Journal 6 Periodicity of Recording Transactions 7 Basic Accounting Equation 8 When recording a transaction, this side must be recorded first 9 Chart of Account 10 Withdrawal Account List of every account in the general ledger of an accounting system. Increases on the Dr Side Decreases on the Cr Side Normal Balance Debit The amount due to the supplier will be paid after (at a later date) Is what the business owes Transactions must be recorded daily as they occur Assets=Liabilities + Owner's Equity
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