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chapter 6 accounting

QuestionAnswer
the lenght of time for which a buisness summarizes and reports financial info fiscial period
a columnar accounting form used to summerize the general ledger info needed to prepare financial statements work sheet
proof of the quality 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 fiscial period adjustments
a financial statement showing the revenue and expenses for a fiscial period income statements
a financial statement that reports assets, liabilities, and owners equityon a specific date Balance sheet
the diff 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
Created by: Beckyyybabiii