CHS Acct Final Word Scramble
|
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Question | Answer |
an equation showing the relationship among assets, liabilities, and owner's equity | accounting equation |
a business paper from which information is obtained for a journal entry | source document |
a business that performs an activity for a fee | service business |
a columnar accounting form used to summarize the general ledger information needed to prepare financial statements | work sheet |
journal entries used to prepare temporary accounts for a new fiscal period | closing entries |
transferring information from a journal entry to a ledger account | posting |
a business owned by one person | proprietorship |
a trial balance prepared after the closing entries are posted | post closing trial balance |
accounts used to accumulate information until it is transferred to the owner's capital account | temporary accounts |
an accounting device used to analyze transactions | t-account |
a financial statement that reports asets, liabilities, and owner's equity | balance sheet |
a list of accounts | chart of accounts |
an increase in owner's equity resulting from the operation of a business | revenue |
journal entries recorded to update general accounts at the end of a fiscal period | adjusting entries |
Created by:
bechere
Popular Accounting sets