chapter 6 accounting Word Scramble
|
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
| Question | Answer |
| the lenght of time for which a buisness summarizes and reports financial info | fiscial period |
| a columnar accounting form used to summerize the general ledger info needed to prepare financial statements | work sheet |
| proof of the quality of debits and credits in a general ledger | trial balance |
| changes recorded on a work sheet to update general ledger accounts at the end of a fiscial period | adjustments |
| a financial statement showing the revenue and expenses for a fiscial period | income statements |
| a financial statement that reports assets, liabilities, and owners equityon a specific date | Balance sheet |
| the diff between total revenue and total expenses when total revenue is greater | net income |
| the difference between total revenue and total expenses when total expenses are greater | net loss |
Created by:
Beckyyybabiii
Popular Accounting sets