Chapter 3 The Accounting Cycle

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Across
  1. 3. The sequence of steps or procedures used to record, classify, and summarize accounting information.
  2. 4. An amount entered on the left hand side of a ledger account.
  3. 8. checks written, purchase orders, employee payroll time cards, and customer orders
  4. 9. An amount entered on the right hand side of a ledger account.
Down
  1. 1. The process of transferring information from the general journal to individual accounts in the general ledger.
  2. 2. Also called the “book of original entry”
  3. 5. A record used to summarize all increases and decreases in a particular asset, liability, owner’s equity, revenue, or expense.
  4. 6. A two column schedule listing the names and balances of all the accounts in the order in which they appear in the general ledger.
  5. 7. A systematic method of accounting by which every transaction affects at least two accounts.