Match the following:
part a
1. posting
2. expense
3. debit
4. trial balance
5. equity
6. net income
7. receivable
8. chart of accounts
9. payable
10. journal
11. normal balance
12. ledger
part b
a. the cost of operating a business; a decrease in stockholders' equity
b. always an asset
c. side of an account where increases are recorded
d. lists a company's accounts and account numbers (no account balances in this item)
e. copying data from the journal to the ledger
f. assets - liabilities
g. revenues - expenses
h. lists all accounts with their balances
i. always a liability
j. record of transactions
k. left side of an account
l. the book of accounts and their balances

When earning simple interest on money you invest, which statement is true? a. as time goes on and your bank account grows, you earn more interest. b. as time goes on and your bank account grows, you earn less interest. c. as time goes on and your bank account grows, you earn the same amount of interest. d. as time goes on and your bank account grows, you stop earning interest.

Each month, business today publishes a news piece about an innovative product, service, or business. such soft news is generally written by a freelance business writer and is known as a

The amberssen specialty company is a chain of twelve retail stores that sell a variety of imported gift items, gourmet chocolates, cheeses, and wines in the toronto area. amberssen has an is staff of three people who have created a simple but effective information system of networked point-of-sale registers at the stores and a centralized accounting system at the company head- quarters. harry hilman, the head of amberssens is group, has just received the following memo from bill amberssen, sales director (and son of amberssen’s founder). harry—it’s time amberssen specialty launched itself on the internet. many of our competitors are already there, selling to customers without the expense of a retail storefront, and we should be there too. i project that we could double or triple our annual revenues by selling our products on the internet. i’d like to have this ready by - giving, in time for the prime holiday gift-shopping season. bill after pondering this memo for several days, harry scheduled a meeting with bill so that he could clarify bill’s vision of this venture. using the standard con- tent of a system request as your guide, prepare a list of questions that harry needs to have answered about this project.