Accounting - Hailey Hilton

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Across
  1. 2. journal entries used to prepare temporary accounts for a new fiscal period.
  2. 3. reporting income when earned and expenses when incurred.
  3. 4. a financial statement showing the revenue and expenses for a fiscal period.
  4. 6. accounts used to accumulate information from one fiscal period to the next.
  5. 9. a list of accounts used by a business.
  6. 10. journal entries recorded to update general ledger accounts at the end of a fiscal period.
  7. 13. a financial statement that reports a company's assets, liabilities, and shareholder equity at a specific point in time.
  8. 14. the cost of goods or services used to operate a business.
Down
  1. 1. accounts used accumulate information until it is transferred to the owner's capital account.
  2. 5. how to keep your business's records
  3. 7. a person or company to whom money is owed.
  4. 8. a proof of the equality of debits and credits in a general ledger.
  5. 11. the total amount of money that is produced by selling the goods or services to the customers.
  6. 12. moving a transaction entry from a journal to a general ledger, which contains all of a company's financial accounts.