Miscellaneous Quiz / Accounting Chp 10 Review 236

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QUIZ: Can you name the identify the word by the definition?

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journal entries made to close the balances in the temporary accounts
examples are expenses, revenues, and withdrawals
9th step of the accounting cycle
8th step of the accounting cycle
used to accumulate and summarize the revenue and expenses for the period
all expenses go to the ______ side of the income summary account
all revenues go to the ______ side of the income summary account
the balance of the income summary account is transfered to the __________ account
a journal entry with two or more debits/credits
the withdrawals account is closed to the __________ account
prepared to make sure total debits equal total credits after closing entries are made

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