Accounting Chapter 6 & 7

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Across
  1. 3. A financial statement that reports assets, liabilities, and owner's equity on a specific date.
  2. 6. Reporting an amount on a financial statement as a percentage of another item on the same financial statement.
  3. 7. A negative balance that remains after total expenses are subtracted from total revenue.
  4. 8. The length of time for which a business summarizes its financial information and reports it financial performance.
  5. 9. Changes recorded on a worksheet to update general ledger accounts at the end of a fiscal period.
  6. 10. A columnar account form used to summarize the general ledger information needed to prepare financial statements.
Down
  1. 1. Journal entries recorded to update general ledger accounts at the end of fiscal period.
  2. 2. Proof of the equality of debits and credits in a general ledger.
  3. 4. A financial statement showing the revenue and expenses for a fiscal period.
  4. 5. A positive balance that remains after total expenses are subtracted from total revenue.