You are required to match the terminology to its most appropriate definition or description COLUMN A COLUMN B 1. Financi

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You are required to match the terminology to its most
appropriate definition or description
COLUMN A
COLUMN B
1.
Financial accounting
A
is a collective process of
identifying, analyzing, and recording
the accounting events of a company
2.
Shareholders
B
is issued when customers return goods
that were originally sold
3.
Accounting cycle
C
are payable over a period longer than
one year, for example mortgage loans and any other long-term
loans
4.
Source Documents
D
can be defined as an item a business owns or uses to generate
money.
5.
Credit note
E
these are the owners of a business who
entrust the control of their business to other people, referred to
as managers
6.
Trial Balance
F
can be defined as the worth of what
the business own
7.
Asset
G
focuses on the preparation of the
financial statements of a business
8.
Non-current liabilities
H
is a summary of the list of balances
extracted from the ledger
9.
Equity
I
the books of account should not
reflect the personal affairs of wealth of the owner or owners
outside the business
10.
Business Entity Rule
J
are the record of every monetary
transaction that takes place