
General Accounting Exam 2 Flashcards
Flashcard
•
Business
•
12th Grade
•
Practice Problem
•
Hard
Kaitlin Sill
FREE Resource
Student preview

24 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Accounts that appear on the Income Statement
Back
Revenues and Expenses
2.
FLASHCARD QUESTION
Front
The financial statement prepared third
Back
Balance Sheet
3.
FLASHCARD QUESTION
Front
The process of transferring information from a journal to the general ledger
Back
Posting
4.
FLASHCARD QUESTION
Front
The account used only during the closing process
Back
Income Summary
5.
FLASHCARD QUESTION
Front
Adjustments made on the worksheet for unrecorded business transactions
Back
Adjustments or Adjusting Entries
6.
FLASHCARD QUESTION
Front
The first step of the accounting cycle
Back
Analyze transactions
7.
FLASHCARD QUESTION
Front
The first step of the closing process
Back
Close Revenue to Income Summary
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