1.
The financial statement that shows net income or loss for the period
2.
The statement that shows assets, liabilities, and equity at a point in time
3.
The statement that links the income statement to the balance sheet
4.
Accounts that are closed at the end of the accounting period
5.
Accounts that carry forward into the next accounting period
6.
The process of zeroing out revenue and expense accounts
7.
The temporary account used to close revenues and expenses
8.
The trial balance prepared after closing entries
9.
Assets expected to be converted to cash within one year
10.
Assets used in operations longer than one year
11.
Liabilities due within one year
12.
Liabilities due after one year
13.
A working paper used to prepare financial statements
14.
The worksheet that includes financial statement columns
15.
The full accounting process from transactions to post-closing
16.
Revenue minus expenses for the period
17.
The owner’s investment in the business
18.
Owner withdrawals for personal use
19.
Current assets minus current liabilities
20.
Current assets divided by current liabilities
