6-1 Review

The concept of reporting information in the same manner each period is known as...

• Consistent Reporting

• Frequent Reporting

• Accurate Reporting

• General Reporting

An accounting period that tracks business information for a period of time is known as a...

• fiscal period

• financial period

• accounting period

• calendar period

A fiscal year is not always from January - December.

• True

• False

A form used to summarize information from the general ledger is a...

• work sheet

• balance statement

• budget

• general journal

In a Trial Balance you are proving that...

• debits = credits

• debits > credits

• debits < credits

• debits do not equal credits

When writing the date on a work sheet header you should write it as...

• Day, Month, Year

• "For Month Ended..."

• Year, Month, Day

• "By Year Ended..."

The header on a work sheet includes all the following EXCEPT

• Company Name

• Accountant Name

• Report Name

• Date

The column we filled in last class was called the...

• Trial Balance

• Income Summary

• Total Balance

• Initial Balance

Which accounts are listed on the work sheet?

• All general ledger accounts

• Only the general ledger accounts that have values in them

What was FCPS' fiscal year?

• July - June

• Jan - Dec

• Sept - August

• March - Feb.