Accounting 1 Chapter 8
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
|---|---|---|---|---|---|
| Journal entries recorded to update general ledger accounts at the end of a fiscal period | Adjusting Entries
🗑
|
||||
| Accounts used to accumulate information from one fiscal period to the next | Permanent Accounts
🗑
|
||||
| Accounts used to accumulate information until it is transferred to the owner's equity capital account | Temporary Accounts
🗑
|
||||
| Journal entries used to prepare temporary accounts | Closing Entries
🗑
|
||||
| A trial balance prepared after the closing entries are posted | Post-Closing Trial Balance
🗑
|
||||
| The series of accounting activities included in recording financial information for a fiscal period | Accounting Cycle
🗑
|
||||
| Revenue from business activities and expenses associated with earning that revenue are recorded in the same accounting period | Matching Expenses with Revenue
🗑
|
||||
| Changes in financial information are reported for a specific period of time in the form of financial statements | Accounting Period Cycle
🗑
|
||||
| Financial statements that contain all information necessary to understand a business's financial condition | Adequate Disclosure
🗑
|
||||
| What the ending balances of permanent account for one fiscal period represent at the beginning of the next fiscal period | Beginning Balances
🗑
|
||||
| Where the information is obtained to journalize the adjusting entries | Adjustments column of the worksheet
🗑
|
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.
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.
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.
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
Created by:
TammieVanScyoc
Popular Accounting sets