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 When recording a transaction, this side must be recorded first 2 Purchase on Credit, on account means.... 3 Withdrawal Account 4 General Journal 5 6 7 General Journal Review Process 8 Basic Accounting Equation 9 Periodicity of Recording Transactions 10 Chart of Account Is what the business owes Transactions must be recorded daily as they occur List of every account in the general ledger of an accounting system. The amount due to the supplier will be paid after (at a later date) Assets=Liabilities + Owner's Equity Increases on the Dr Side Decreases on the Cr Side Normal Balance Debit
New game