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chapter 6 accounting Test

Enter the letter for the matching Answer
incorrect
1.
changes recorded on a work sheet to update general ledger accounts at the end of a fiscial period
incorrect
2.
the difference between total revenue and total expenses when total expenses are greater
incorrect
3.
the diff between total revenue and total expenses when total revenue is greater
incorrect
4.
a financial statement that reports assets, liabilities, and owners equityon a specific date
A.
net income
B.
Balance sheet
C.
adjustments
D.
net loss
Type the Answer that corresponds to the displayed Question.
incorrect
5.
a financial statement showing the revenue and expenses for a fiscial period
incorrect
6.
proof of the quality of debits and credits in a general ledger
incorrect
7.
a columnar accounting form used to summerize the general ledger info needed to prepare financial statements
incorrect
8.
the lenght of time for which a buisness summarizes and reports financial info

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