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Hodgepodge
Wonderful Worksheets!
Awe-inspiring Accounts
Miscellaneous
Entries & Balances
100
59. The percentage relationship between one financial statement item and the total of those items is known as this
What is a component percentage
100
45. The period of time covered by a Balance Sheet
What is one day
100
57. The equation to update the Owner's Equity account
What is Capital - Withdrawals + Profit
100
19. When each transaction has a debit and a credit it is considered this
What is Double-entry Bookkeeping
100
40. This determines that the debits equal the credits
What is the Trial Balance
200
7. An increase in Owner's Equity resulting from the operation of a business is called this
What is Sales/Revenue
200
49. The number on the Income Statement that reflects the amount of products the company sells
What is the Owner's Equity
200
60. These are examples of permanent accounts
What is an Accounts Receivable, Liabilities, or Assets account
200
12. An expense is always this type of transaction (debit or credit)
What is a debit
200
42. Supplies can be used up during a period, so it is necessary to do this to the account
What is adjust the account
300
13. This is an asset account for the amount of money that customers owe your company
What is an Accounts Receivable account
300
48. The period of time covered by the Income Statement
What is any reporting period
300
63. This account closes out temporary accounts
What is the Income Summary account
300
27. The transference of information from a journal entry to a ledger account is known as this
What is posting
300
41. Recording changes to general ledger accounts is the reason for doing this
What is making adjusting entries
400
22. This type of bookkeeping is used by most businesses today
What is computer-based bookkeeping
400
46. The Balance Sheet format looks like this
What is the Accounting Equation (Assets on the left, Liabilities and Owner's Equity on the right)
400
These are examples of temporary accounts
What is a Sales, Revenue, Owner's Drawing, or Expense account
400
16. Sales are a part of _________ in the Accounting Equation
What is Owner's Equity
400
51. This is higher in a net loss
What is the expenses
500
20. Checks, invoices, and receipts are examples of this type of document
What is a source document
500
64. Something that makes sure everything balances after the closing entries
What is the Post-Closing Trial Balance
500
52. After net profit is calculated, it is added to this account
What is the Owner's Equity account
500
37. When reconciling a bank statement, you subtract the bank service charge from this account's balance
What is the checkbook balance
500
44. Reporting expenses in the same fiscal period as the revenue that was earned is known as this
What is "matching expenses with revenue"