Miscellaneous Quiz / Mrs. Short's 2014 Accounting Review

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2014 Accounting Review

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HintAnswer
Right side of a T account
Transferring info from a journal to a ledger
Endorsement consisting of only a signature
Prepared when putting money in a bank account
Type of endorsement with 'pay to the order of'
Income summary is this type of account
Accounts used to accumulate info from one financial period to the next
Accounts that begin financial periods with a zero balance
Total expenses are greater than revenues
Source doc for a cash purchase
HintAnswer
Preparing financial statements at the end of each fiscal period
Reports a business' financial condition on a specific date
Following the same accounting procedures the same way all the time
A planning tool
Occurs when revenues are greater than expenses
How we remember what accounts to close
Shows that debits and credits equal after closing entries
Side of an account that increases
Left side of a T account
Form used to record transactions in chronological order

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