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Crossword Puzzle
Crossword Puzzle

Accounting - Chpt. 3 Vocab.

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Accounting - Chpt. 3 Vocab.
 

Crossword Puzzle

Accounting - Chpt. 3 Vocab.Online version

Chapter 3 Accounting Terms Review

by Darla Hasken
1

A financial statement that reports the profitability of business operations for a specific period of time.

2

A financial statement that reports the profitability of business operations for a specific period of time.

3

The normal balance of liability, owner's equity, and revenue accounts.

4

The side of an account that is increased.

5

A financial statement that reports the assets, liabilities, and owner's equity of a specific date in time.

6

The normal balance of asset, expense, and drawing accounts.

7

A list of all accounts, showing the title and balance of each account, used to prove that the sum of the debits equals the sum of the credits.

8

Something owed to another business.

9

The total dollar amounts on the debit and credit sides of an account.

10

The difference between the footings of an account.

11

Withdrawals that reduce owner's equity as a result of the owner taking cash or other assets out of the business for personal use.

12

To enter an amount on the right side of an account.

13

A item that is owned by a business and will provide future benefits.

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