Relier Pairs General Journal & General ReviewVersion en ligne Match the information or term from column a, with the one that corresponds in column b. par Janelle Vernon 1 2 Purchase on Credit, on account means.... 3 4 Basic Accounting Equation 5 When recording a transaction, this side must be recorded first 6 General Journal Review Process 7 Chart of Account 8 Periodicity of Recording Transactions 9 General Journal 10 Withdrawal Account Increases on the Dr Side Decreases on the Cr Side Normal Balance Debit Transactions must be recorded daily as they occur Assets=Liabilities + Owner's Equity Is what the business owes The amount due to the supplier will be paid after (at a later date) List of every account in the general ledger of an accounting system.