Topic 4 - General Ledger

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Across
  1. 2. Debit account in the Purchases Journal
  2. 5. Sales is a ...entry as it is a revenue account
  3. 6. An account that is recorded in combination with Inventory when a sale is made
  4. 9. A Qualitative Characteristic applied by checking if total debits is equal to total credits
  5. 16. An entry recorded on the right side of a ledger account
  6. 17. An account used to record all amounts due from credit customers
  7. 18. Debit entry in the Bank ledger to post total from CRJ at the end of the month
  8. 19. A master file that contains all the ledgers used by a business
  9. 20. Credit account when the owner withdraws stationeries
Down
  1. 1. An account used with the Inventory accounts due to credit purchases of goods
  2. 3. An account used when the owner removes assets from the business for personal use
  3. 4. A record used to list all account balances from the General Ledger
  4. 5. Credie entry in the Bank ledger to post total from CPJ at the end of the month
  5. 7. Calculated at the end of the month for all Asset and Liability accounts
  6. 8. An account used when the business makes an investment for a fixed period to earn interest
  7. 10. A step performed to complete all Revenue, Expense, Drawings and Capital accounts
  8. 11. Amount used to post from the Special Journals to the General Ledger
  9. 12. Used to record the name of the other account affected by a transaction using the double-entry system
  10. 13. Inventory account uses amounts taken from ...(number) journals
  11. 14. An account used when the owner contributes assets to the business
  12. 15. An entry recorded on the left side of a ledger account