Across
- 6. The difference between total revenue and total expenses when total expenses are greater (2 words)
- 8. A trial balance prepared after adjusting entries are posted (3 words)
- 10. Cash paid for an expense in one fiscal period that is not used until a later period (2 words)
- 11. The length of time for which a business summarizes its financial information and reports its financial performance (2 words)
- 12. Journal entries recorded to update general ledger accounts at the end of a fiscal period (2 words)
Down
- 1. A proof of the equality of debits and credits in a general ledger (2 words)
- 2. Changes recorded on a work sheet to update general ledger accounts at the end of a fiscal period.
- 3. A fiscal period consisting of 12 consecutive months (2 words)
- 4. A financial statement that reports assets, liabilities, and owner's equity on a specific date (2 words)
- 5. A financial statement showing the revenue and expenses for a fiscal period (2 words)
- 7. A columnar accounting form used to summarize the general ledger information needed to prepare financial statements.
- 9. The difference between total revenue and total expenses when total revenue is greater (2 words)
