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  • Puzzle

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    Jeniffer Rayen
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    The document contains accounting terms and concepts in puzzle form. It asks the reader to identify accounting basics like the less effective accounting basis than accrual (cash basis), the financial statement that reports a company's financial position at a point in time (balance sheet), resources owned by a company (assets), the book that contains all accounts (general ledger), debits go on the right side of an account, assets - liabilities = equity, the books that list transactions in date order (journal), generally accepted accounting principles (GAAP), some refer to the income statement as the profit and loss statement, credits go on the left side of an account, and every transaction recorded in the general ledger involves at least one debit and one credit.

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    The document contains accounting terms and concepts in puzzle form. It asks the reader to identify accounting basics like the less effective accounting basis than accrual (cash basis), the financial statement that reports a company's financial position at a point in time (balance sheet), resources owned by a company (assets), the book that contains all accounts (general ledger), debits go on the right side of an account, assets - liabilities = equity, the books that list transactions in date order (journal), generally accepted accounting principles (GAAP), some refer to the income statement as the profit and loss statement, credits go on the left side of an account, and every transaction recorded in the general ledger involves at least one debit and one credit.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    9 views3 pages

    Puzzle

    Uploaded by

    Jeniffer Rayen
    The document contains accounting terms and concepts in puzzle form. It asks the reader to identify accounting basics like the less effective accounting basis than accrual (cash basis), the financial statement that reports a company's financial position at a point in time (balance sheet), resources owned by a company (assets), the book that contains all accounts (general ledger), debits go on the right side of an account, assets - liabilities = equity, the books that list transactions in date order (journal), generally accepted accounting principles (GAAP), some refer to the income statement as the profit and loss statement, credits go on the left side of an account, and every transaction recorded in the general ledger involves at least one debit and one credit.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    PUZZLE!!

    1. THE BASIS OR MEATHODS OF ACCOUNTING THAT IS LESS


    EFFECTIVE THAN THE ACCRUAL BASIS IN MEASURING
    PROFITABILITY

    2. THE FINANCIAL STATEMENT THAT REPORTS THAT FINANCIAL


    POISTION OF A COMPANY AS OF AN INSTANT OR POINT IN TIME IS
    THE SHEET.

    3. RESOURCE OWNED BY A COMPANY.

    4THE BOOKS OF COMPANY THAT CONTAINS ALL OF ACCOUNTS IS


    THE GENERAL .

    5. AN ENTRY TO THE RIGHT SIDE OF AN ACCOUNT .

    6. ASSESTS LIABILITIES = ?

    7. KNOWN AS THE BOOKS OF ORIGINAL ENTERIES ITS LIST


    TRANSACTION IN ORDER BY DATE .

    8. GENERALLY ACCEPTED ACCOUNTING GUIDELINESS ARE


    REFERED TO AS .
    9. SOME PEOPLE REFER TO INCOME STATEMENT AS THE PROFIT
    AND STATEMENT.

    10. AN ENTERY TO THE RIGHT SIDE OF AN ACCOUNT .

    11. EVWERY TRANACTION THAT GETS RECORDED IN THE GENERAL


    LEGDER INVOLVE OR MORE ACCOUNTS .

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