6-3: Awesome Finance

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Across
  1. 3. The cost of goods or services used to operate a business.
  2. 4. A proof of the equality of debits and credits in a general ledger.
  3. 8. A financial statement showing the revenue and expenses for a fiscal period.
  4. 10. Changes recorded on a work sheet to update general ledger accounts at the end of a fiscal period.
  5. 12. An increase in equity resulting from the sale of goods or services.
  6. 13. An amount recorded on the right side of an account
Down
  1. 1. The length of time for which a business summarizes its financial information and reports its financial performance.
  2. 2. A financial statement that reports assets, liabilities, and owner’s equity on a specific date.
  3. 5. The difference between total revenue and total expenses when total expenses are greater.
  4. 6. A columnar accounting form used to summarize the general ledger information needed to prepare financial statements.
  5. 7. Cash paid for an expense in one fiscal period that is not used until a later period.
  6. 9. The difference between total revenue and total expenses when total revenue is greater.
  7. 11. An amount recorded on the left side of an account.