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Worksheets
Adjustments
Income Statement
Balance Sheet
Misc Worksheets
100
The first line in a worksheet
What is who?
100
Changes recorded on the worksheet.
What are adjustments?
100
Statement that reports revenue and expenses.
What is the income statement?
100
Statement that reports assets, liabilities and owner's equity.
What is the balance sheet?
100
When this difference of a mistake involves a "1".
What is check your math.
200
The second line in a worksheet.
What is what?
200
Supplies used during the period.
What are supplies expense?
200
Column in which the sales are reported.
What is the credit column?
200
Assets are recorded on this side.
What is a debit?
200
Expenses are recorded when they are used.
What is Matching Revenue with Expenses.
300
The third line in a worksheet
What is when?
300
Insurance used during the period.
What is Insurance Expense
300
Column in which the expenses are recorded.
What is the debit column
300
Capital is recorded on this side.
What is a credit.
300
A mistake which is divisible by 9.
What is a slide or transposition?
400
Putting double underlines when your answers are correct.
What is ruling?
400
In the adjustments column, total debits = total credits.
What is proving the adjustments?
400
When total expenses exceed your sales.
What is a net loss?
400
If your net income on the income statement column is a debit, what is it on the balance sheet column?
What is a credit?
400
Up-to-date information is brought over to the respective columns.
What is extending the worksheet?
500
Making sure debits = credits.
What is proving?
500
Expenses incurred are reported in the same period.
What is Matching Revenue with Expenses.
500
When sales exceed your expenses.
What is a net income.
500
Measures the equality of assets, liabilities and owner's equity.
What is the balance sheet?
500
Preparing financial statements from the worksheet.
What is the Accounting Period Cycle.