Match each book or statement

Exercise and reference answers

Matching pairs

1. Left

   Journal

   Right

   The book of original entry for transactions

2. Left

   Ledger

   Right

   Where entries are grouped account by account

3. Left

   Trial balance

   Right

   Totals from the ledgers, checked for balance

4. Left

   Balance sheet

   Right

   What the business owns and owes at a date

Instructions

Tap an item on the left, then tap what it is for.

Explanation