Accounting 1 Chapter 6
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| The length of time for which a business summarizes and reports financial information | Fiscal Period
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| A columnar accounting form used to summarize the general ledger information needed to prepare financial statements | Worksheet
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| When changes in financial information are reported for a specific period of time in the form of financial statments | Accounting Period Cycle
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| A proof of the equality of debits and credits in a general ledger | Trial Balance
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| Changes recorded on a work sheet to update general ledger accounts at the end of a fiscal period | Adjustments
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| After the adjustments are made, the expenses incurred to earn revenue are reported in the same fiscal period as the revenue is earned and reported | Matching Expenses with Revenue
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| A financial statement that reports assets, liabilities, and owner's equity on a specific date | Balance Sheet
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| A financial statement showing the revenue and expenses for a fiscal period | Income Statement
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
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You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
TammieVanScyoc
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