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Accounting Chapter 6 Test

Enter the letter for the matching Answer
incorrect
1.
Work Sheet
incorrect
2.
Adjustments
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3.
Net Loss
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4.
Fiscal Period
A.
The difference between total revenue and total expenses and total expenses when total expenses are greater.
B.
A columner accounting form used to summarize the general ledger information needed to prepare financial statement.
C.
Changes recorded on a work sheet to update general ledger accounts at the end of a fiscal period.
D.
Time and length of time for which a business summarizes and reports financial information.
Type the Question that corresponds to the displayed Answer.
incorrect
5.
A proof of the equality of debits and credits in a general ledger.
incorrect
6.
A financial statement that reports assets, liabilities and owners equity on a specific date.
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7.
A financial statement showing the revenue and expenses for a fiscal period.
incorrect
8.
The difference between total revenue and total expenses when total revenue is greater.

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Created by: CCarrico
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