Accounting

2. Journal entries recorded to update general ledger accounts at the end of a fiscal period.
6. The difference between total revenue and total expenses when total revenue is greater.
7. An accountant who has passed the uniform certified public accounting exam and met the licensing requirement for a state.
9. Reporting income when earned and expenses when incurred.
10. The length of time for which a business summarizes its financial information and reports its financial performance.
12. Changes recorded on a work sheet to update general ledger accounts at the end of a fiscal period.
13. The difference between total revenue and total expenses when total revenue is greater.
14. A fiscal period consisting of 12 consecutive months.

1. Cash paid for anexpense in one fiscal period that is not used until a later period.
3. A financial statement that reports assets, liabilities, and owner’s equity on a specific date.
4. A columnar accounting form used to summarize the general ledger information needed to prepare financial statements.
5. A proof of the equality of debits and credits in a general ledger.
8. A financial statement showing the revenue and expenses for a fiscal period.
11. Reporting income when the cash is received and expenses when the cash is paid.