accounting terms 460111

Match the terms in Column I with the definitions in Column II.

Question 25 answers

proof of the ledger

worksheet

net income

financial statements

closing entries

output of accounting cycle

post closing trial balance

a check returned for insufficient funds

statement of cash flow

income summary

closing entries

source documents

check

dishonored check

matching principles

A.

first accounting procedure with accounting cycle

B.

temporary account

C.

trial balance

D.

organizes information from the income statement and balance sheet

E.

sources and uses of cash

F.

financial statement

G.

last accounting procedure with accounting cycle

H.

written order from a depositor to bank

I.

closing the temporary accounts

J.

income statement

K.

summary of changes of business transactions

L.

a returned check

M.

a bounced check

N.

matching expenses incurred with the revenue earned

O.

summarize the revenue and expenses