Accounting Cycle Review

Front

The difference between total revenue and total expenses when total expenses is greater.

Back

Net loss

Front

A financial statement showing the revenue and expenses for a fiscal period.

Back

Income Statement

Front

A proof of the equality of debits and credit in general ledger.

Back

trial balance

Front

A financial statement that reports assets, liabilities, and owner's equity on a specific date.

Back

balance sheet

Front

A columnar accounting form used to summarize the general ledger information needed to prepare financial statements.

Back

work sheet

Front

Sebelum dibukukan di buku besar, biasanya transaksi akan dicatat di...

Back

Buku Jurnal

Front

There will be a net loss if the Income Statement Debit column total is larger than the Income Statement Credit column total.

Back

True

Front

All are examples of source documents EXCEPT: Receipt, Memo, Invoice

Back

Worksheet

Front

On a work sheet, the balance of the owner's capital account is extended to the

Back

Balance Sheet Credit column

Front

A list of accounts used by a business.

Back

chart of accounts