chap 4

2. percentage relationship between one financial statement item and the totals
4. operating expense chargable to overall buisness operations
6. Financial statements reporting revenue, costs, and direct expenses
7. list of vendor accounts, account balances and total amount due
9. statment showing gross profit for each department
13. accounting form used to summarize the general ledger information
14. Earnings distributed to stockholders
16. Total shares of ownership in a corporation
18. estimating inventory by using
21. merch inventory determined by counting, weighing, or measuring items
23. revenue earned by a department
24. proof of the equality of debits and credits in a general ledger
25. financial statement that shows changes in a corporation's ownership
26. portion of a plant assets cost that is transferred to an expense account in each fiscal period
27. list of customer accounts, account balances, and total amount due from all customers
28. assigning control of business revenues, costs, and expenses to a specific manager

1. merch inventory determined by keeping a continuous record of increases, decreases and balances on hand
3. Assets that will be used for operation of a business
5. statment reporting departmental margin
8. amount earned by a corporation and not yet distributed to stockholders
10. journal entries recorded to update general ledger
11. Length of time for which a business summarizes and reports financial information
12. amount of revenue from sales less the cost of goods sold
15. financial statement showing the revenue and expenses for a fiscal period
17. trial balance prepared after the closing entries are posted
19. series of accounting activities included in recording financial information
20. financial statement that reports assets, liabilities, and owners' equity on a specific date
22. an operating expense identifiable and chargable