Accounting Final Review Crossword

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Across
  1. 4. the financial statement that is to summarize all account ending balances on one page as well as what accounts will go on future financial statements.
  2. 6. the second line of all financial statement headings.
  3. 7. accounting is basically _____________.
  4. 9. that type of source document that is the number one source of fraud.
  5. 10. type of source document that is used for when cash is received.
  6. 11. any money made
  7. 14. an asset account that monitors any prepaid items that we buy with the sole purpose of using on our day-to-day operations.
  8. 17. the financial statement that is meant to display a company's profitability by proving their net income or net loss.
  9. 19. term that simply means the bank is unaware of this transaction taking place
  10. 20. the post reference column in the general _____________ indicates where the information and money came from.
  11. 25. the fourth step in the accounting cycle is to ___________ the transactions.
  12. 26. section of the worksheet that it's sole purpose is to prove the rule of thumb.
  13. 28. type of source document that is used for when something is either bought or sold on account.
  14. 31. ___________ to the left.
  15. 32. the eighth step in the accounting cycle is to journalize and post the ____________ entries.
  16. 35. the first line of all financial statement headings
  17. 37. account designed to summarize net income or net loss
  18. 40. the post reference column in the general __________ indicates where the information and money will go to.
  19. 42. the seventh step in the accounting cycle is to prepare the ____________________.
  20. 45. the process in which you record transactions in the general journal.
  21. 46. account designed for small cash transactions like giving out change or buying stamps
  22. 47. any money we owe like sales tax or notes
Down
  1. 1. the third line of all financial statement headings.
  2. 2. the type of entry in which we have to fix our prepaid asset accounting like prepaid insurance to match how much we truly have at the end of the year.
  3. 3. the fifth step in the accounting cycle is to prepare the ________________.
  4. 5. when you wire money from one account to another
  5. 8. your debits must always equal your credits.
  6. 12. the sixth step in the accounting cycle is to ___________ the worksheet.
  7. 13. anything a company owns
  8. 15. an asset account that monitors any prepaid items that we buy with the sole purpose of reselling those items on our day-to-day operations.
  9. 16. type of source document that is used for when cash is payed.
  10. 18. the process in resolving any issues in which your checking account and checkbook balances don't match.
  11. 21. anything a company owes
  12. 22. any money the owner takes out of the company
  13. 23. any money invested into the company from the owner or reinvested by the company
  14. 24. the first step in the accounting cycle is to ________ the source documents.
  15. 27. any money spent
  16. 29. the financial statement that is meant to display a company's financial stability by proving ALOE.
  17. 30. when a check has been written in which the payer doesn't have enough money in their checking account to cover the transaction.
  18. 33. the ninth and final step in the accounting cycle is to prepare the _____________ trial balance.
  19. 34. any money owed to us
  20. 36. the third step in the accounting cycle is to _________ the transactions.
  21. 38. _____________ to the right.
  22. 39. the process in which you record the transactions into the actual ledgers of each account.
  23. 41. the moment a bank knows about a check is when it is ______________.
  24. 43. when a check has been written, mailed, and needs to be canceled due to the check being lost.
  25. 44. the second step in the accounting cycle is to ______________ the source documents.