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Business Accounting Final

Ms. T. Harvey

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Across
4.A revenue account
6.101
7.List of all the accounts used by a business.
11.digits of a number are switched
12.The left side of the expense T-Account means
15.Entry on the left side of an account
18.Is a temporary owner's equity acct only used during closing.
20.Abbreviation used to help remember the statements and their order.
22.Entered info under the wrong account in the journal. Make a_________________.
25.Revenue and Expenses are equal.
28.This type of business does not have to worry about taxes.
29.Accounting equation
30.Show that some supplies on hand have been used.
31.Used to gather all data needed at the end of an acctg period to prepare the finanical statements.
32.Equipment, cash, inventory
Down
1.Paid for rent three months in advance
2.As expenses increased, they go on the _____side of a T-Account.
3.Financial investment in a business
5.Records all dispursements of cash
8.Serves as a link between a subsidiary ledger and the general ledger.
9.Reduction from the list price of merchandise.
10.Step three of the accounting cycle
13.Accounts are recognized by their
14.Seventh step in the accounting cycle.
16.Is just a tool.
17.Assets are listed on the left side and the liabilites and owners equity are listed on the right side of this form.
19.The process of allocating the cost of long-term assets over their expeted useful lives.
21.Taken from the business for the owners personal use
23.A customer's bill for merchandise bout on credit.
24.Paying on credit
26.Labor, utility bill, salaries
27.If the column has more than one figure, ente the total in small pencil figures called

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