chapters 6 and 7
Help!
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| A columnar accounting form used to summarize the general ledger information needed to prepare financial stements. | Work Sheet
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| Changes recorded on a worksheet to update the general ledger accounts at the end of a fiscal period. | adjustments
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| A financial statement that reports assets, liabilities, and O.E. on a specific date. | Balance Sheet
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| A financial statement showing the revenue and expenses for a fiscal period. | Income Statement
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| Concept applied when financial statements contain all information necessary to understand a business's financial condition. | The Adequate Disclosure accounting concept.
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| Percentage relationship between one financial statement item and the total that includes that item. | Component percentage
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| Reports financial information on a specific date and includes the assets, liabilities, and O.E. | Balance Sheet
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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.
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