MB Chapter 6 Terms Word Scramble
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| Question | Answer |
| The length of time for which a business summarizes and reports fiscal information | Fiscal Period |
| A columnar accounting form used to summarize the general ledger information needed to prepare financial statements | Work Sheet |
| A proof of equality of debits and credits in a general ledger | Trial Balance |
| Changes recorded on a work sheet to update general ledger accounts at the end of a fiscal period | Adjustments |
| A financial statement showing the revenue and expenses for a fiscal period | Income Statement |
| A financial statement that reports assets, liabilities, and owner’s equity on a specific date | Balance Sheet |
| The difference between total revenue and total expenses when total revenue is greater | Net Income |
| The difference between total revenue and total expenses when total expenses are greater | Net Loss |
| The winner of today's game | Team "J" |
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