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Name 1. Matching Directions: For each of the definitions, write the letter of the appropriate term in the space provided. a. accounting cycle j. component
Name 1. Matching Directions: For each of the definitions, write the letter of the appropriate term in the space provided. a. accounting cycle j. component percentage b. fiscal period k. balance sheet c. maintaining accounts 1. statement of owner's equity d. journal m. graph e. posting n. closing journal entries f. general journal o. post-closing trial balance g. adjusting entries p. bank reconciliation h. general journal report i. income statement 1.- 3. A pictorial representation of data that can be produced by the computer and depicted on the screen and printer. A tab used to enter and post general journal entries and to make correc- tions or delete existing journal entries. The process of updating the ledger account balances with all debits and credits from the journal entries. A display or printout that is useful in detecting errors and verifying the equality of debits and credits. The process of adding new accounts, changing titles of existing accounts, and deleting inactive accounts from the chart of accounts. A financial statement used to show the changes that have occurred to the owner's equity during the fiscal period. A financial statement that provides information on the net income or net loss of a business over a period of time. A financial statement that provides information on the overall financial strength of a business. A value that represents a percent of total operating revenue. The process that involves all accounting activities, beginning with enter- ing transactions and ending with closing. A regular interval of time for which a business analyzes its financial in- formation A record of the debit and credit parts of each transaction recorded in date sequence. 7. _ 10. - 12
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