Work Sheets

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Across
  1. 3. income: the difference between total revenue and total expenses when total revenue is greater
  2. 4. sheet: a columnar accounting form used to summarize the general ledger information needed to prepare financial statements
  3. 5. statement: a financial statement showing the revenue and expenses for a fiscal period
  4. 6. sheet: a financial statement that reports assets, liabilities, and owner’s equity on a specific date
Down
  1. 1. balance: a proof of the equality of debits and credits in a general ledger
  2. 2. period: the length of time for which a business summarizes and reports financial information
  3. 3. loss: the difference between total revenue and total expenses when total expenses are greater
  4. 7. changes recorded on a work sheet to update general ledger accounts at the end of a fiscal period