A signature or stamp on the back of a check transferring ownership

The length of time for which a business summarizes its financial information and reports its financial performance​

The comparison between two components of financial information​

Journal entries used to prepare temporary accounts for a new fiscal period​

A check that a bank refuses to pay​

Summarize general ledger account balances to prove that debits equal credits​

Plan needed changes to general ledger accounts to bring account balances up to date​

Separate general ledger account balances according to the financial statements to be prepared​

Calculate the amount of net income or net loss for a fiscal period​

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These are all reasons for accountants to use this​

The name of the company, Date of the report, and name of the report are all things needed to prepare this; obtained from the worksheet​

The series of accounting activities included in recording financial information for a fiscal period​

A bank card that automatically deducts the amount of purchase from the checking account​

Cash paid for an expense in one fiscal period that is not used until a later period

Capital Account Balance – Net loss – Drawing Account Balance = this​

Accounts used to accumulate information from one fiscal period to the next​

A form showing proof of a petty cash payment​

Reporting income when it is earned and expenses when they are incurred; GAAP requires the use of this

The area of accounting that focuses on reporting information to external users​

A trial balance prepared after the closing entries are posted ​

A computerized cash payment system that transfers funds without the use of checks, currency, or other paper documents​

This is the area that Cash and Supplies appear on the worksheet

The area of accounting that focuses on reporting information to internal users

The account holder debits insurance expense, they will likely credit this. ​