A working paper used to collect information from the ledger accounts in one place

Means drawing a line under column of accounts

Requires matching expenses incurred in an accounting period

The amount of revenue that remains after expenses for the period have been subtracted

Busy. Please wait.

Don't have an account? Sign up

taken

Age:

12 or younger
13 or older

Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password

Enter the email address associated with your account, and we'll email you a link to reset your password.

Help

Options

focusNode

Didn't know it?
click below

Knew it?
click below

Don't Know

Remaining cards (0)

Know

retry

shuffle

restart

0:00

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

Chapter 8

Term	Definition
Work sheet	A working paper used to collect information from the ledger accounts in one place
Ruling	Means drawing a line under column of accounts
Matching principle	Requires matching expenses incurred in an accounting period
Net income	The amount of revenue that remains after expenses for the period have been subtracted
Net loss	Decreass owners equity