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Work Sheet and T accounts

Work Sheet and T accounts

19問 • 3年前

Butihen Monique Charlene

問題一覧

1

is a draft made to facilitate the preparation of financial reports on the financial position and results of operations of a business organization.

WORK SHEET

2

WORK SHEET is based on the ________ prepared at the end of the accounting period.

Trial Balance

3

Parts of Work Sheet 1. Heading of the work sheet 1st line : 2nd line : 3rd line :

1st line : name of the company 2nd line : title or Work sheet 3rd line : date

4

is the basis of the preparation thereof, additional pairs of columns as required by the needs of the business.

Trial Balance

5

Principal columns in the Work Sheet a. b. c.

a. Trial Balance, debit and credit b. Income Statement, debit and credit c. Balance Sheet, debit and credit

6

columns present the respective balances of the accounts indicated in their individual ledger pages at the END of the accounting period as shown in the Trial Balance.

Trial Balance Columns

7

columns present the balances of the income and expenses accounts, in as much as these accounts would indicate the result of operations which is presented in the financial report this columns

Income Statement Columns

8

pair of columns present the balances of the assets, liabilities and capital or the real accounts to show the financial position of the business.

Balance Sheet Columns

9

The Trial Balance amounts of the ________ are extended to the Balance Sheet columns

real accounts

10

The ______ figure shown in the Income Statement pair of columns, is extended to the Balance Sheet credit column to signify that profit is an addition to capital, a credit account.

profit

11

the amount ____ shown in the Income Statement pair columns, is also extended to the Balance sheet debit column, to signify that loss is deducted from a capital, a credit account.

loss

12

A _______ is an informal term for a set of financial records that use double-entry bookkeeping.

T-account

13

A T-account is an informal term for a set of financial records that use ______.

double-entry bookkeeping

14

It is called a T-account because the bookkeeping entries are laid out in a way that resembles a ______ or ______.

T-shape or capital letter T

15

The ______ appears just above the T.

account title

16

The T account is the _________ of capital letter T used in the bookkeeping for addition and subtraction by position.

skeleton form

17

It is the general account minus the detailed columns for date, explanation, and folio.

T-account l

18

T-account Format. Just memorize Name of the company Date T-Account ACC. TITLES pg no. DR. CR __________________ | | Write True

True

19

Chart of Accounts Format Just memorize Name of the Company Chart of Accounts Acct. Titles. page no. Cash. 1 Capital. 2 and so on...

True

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25問 • 2年前

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問題一覧

1

is a draft made to facilitate the preparation of financial reports on the financial position and results of operations of a business organization.

WORK SHEET

2

WORK SHEET is based on the ________ prepared at the end of the accounting period.

Trial Balance

3

Parts of Work Sheet 1. Heading of the work sheet 1st line : 2nd line : 3rd line :

1st line : name of the company 2nd line : title or Work sheet 3rd line : date

4

is the basis of the preparation thereof, additional pairs of columns as required by the needs of the business.

Trial Balance

5

Principal columns in the Work Sheet a. b. c.

a. Trial Balance, debit and credit b. Income Statement, debit and credit c. Balance Sheet, debit and credit

6

columns present the respective balances of the accounts indicated in their individual ledger pages at the END of the accounting period as shown in the Trial Balance.

Trial Balance Columns

7

columns present the balances of the income and expenses accounts, in as much as these accounts would indicate the result of operations which is presented in the financial report this columns

Income Statement Columns

8

pair of columns present the balances of the assets, liabilities and capital or the real accounts to show the financial position of the business.

Balance Sheet Columns

9

The Trial Balance amounts of the ________ are extended to the Balance Sheet columns

real accounts

10

The ______ figure shown in the Income Statement pair of columns, is extended to the Balance Sheet credit column to signify that profit is an addition to capital, a credit account.

profit

11

the amount ____ shown in the Income Statement pair columns, is also extended to the Balance sheet debit column, to signify that loss is deducted from a capital, a credit account.

loss

12

A _______ is an informal term for a set of financial records that use double-entry bookkeeping.

T-account

13

A T-account is an informal term for a set of financial records that use ______.

double-entry bookkeeping

14

It is called a T-account because the bookkeeping entries are laid out in a way that resembles a ______ or ______.

T-shape or capital letter T

15

The ______ appears just above the T.

account title

16

The T account is the _________ of capital letter T used in the bookkeeping for addition and subtraction by position.

skeleton form

17

It is the general account minus the detailed columns for date, explanation, and folio.

T-account l

18

T-account Format. Just memorize Name of the company Date T-Account ACC. TITLES pg no. DR. CR __________________ | | Write True

True

19

Chart of Accounts Format Just memorize Name of the Company Chart of Accounts Acct. Titles. page no. Cash. 1 Capital. 2 and so on...

True