Match the Following Terms with the Appropriate Definitions

Short Answer

Match the following terms with the appropriate definitions.
a. Sales journal
b. Controlling account
c. Accounts receivable ledger
d. Cash disbursements journal
e. Cash receipts journal
f. Schedule of accounts payable
g. Segment return on assets
h. Columnar journal
i. Special journal
j. Purchases journal
_____ 1. The special journal used to record all receipts of cash.
_____ 2. A journal with more than one column for recording data.
_____ 3. A record of the separate accounts of each credit customer that is controlled by a general
ledger account.
_____ 4. A journal used to record all purchases on credit.
_____ 5. A journal used to record sales of merchandise on credit.
6. A measure of the profitability of a segment, calculated as segment operating income divided by segment average assets.
7. A special journal used to record all payments of cash.
_____ 8. Any journal used for recording and posting transactions of a similar type.
_____ 9. A general ledger account, the balance of which, after posting, equals the sum of the balances of the accounts in its related subsidiary ledger.
_____ 10. A list of each customer from the accounts payable ledger with their balances and the total.