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Chapters 1-4 The Accounting Cycle
Chapters 5-8 Current Assets
Chapters 9-11 Long-Term Assets
Chapters 12-14 Liabilities/Equities
Chapters 15-16 Using Information
- Chapter 15: Financial Reporting and Concepts
- Chapter 16: Financial Analysis and the Statement of Cash Flows
Chapters 17-20 Managerial/Cost
Chapters 21-24 Budgeting/Decisions

Chapter 4 - Fill in the Blanks

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Question 1 of 10

1. Question
The ____________ is a large columnar form that assists in the preparation of an entity’s financial statements.
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Question 2 of 10

2. Question
Amounts in the adjusted trial balance columns of the worksheet are extended to the ____________, ____________ or ____________columns of the worksheet.
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Question 3 of 10

3. Question
Revenue, expense, and dividend accounts must be closed or reduced to zero so amounts are not carried over from one period to the next. These accounts are appropriately known as ____________ or ____________accounts.
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Question 4 of 10

4. Question
Accounts whose balances are carried forward from period to period are commonly called ____________ accounts.
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Question 5 of 10

5. Question
The ____________ account is used only in closing, and summarizes the net income or net loss of a business.
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Question 6 of 10

6. Question
The ____________ account is closed directly to retained earnings.
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Question 7 of 10

7. Question
To determine whether the accounts are still in balance after closing entries have been journalized and posted, accountants often prepare a ____________.
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Question 8 of 10

8. Question
A ____________ is the exact opposite of an adjusting entry.
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Question 9 of 10

9. Question
The ____________ is the length of time it takes a company to turn cash back into cash via investing in inventory and accepting accounts receivable.
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Question 10 of 10

10. Question
Current assets should be listed on a balance sheet in order of ____________ .
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Additional Resources

Illustrative Entries

Examples of journal entries for numerous sample transactions

Account Types

Typical financial statement accounts with debit/credit rules and disclosure conventions

Glossary

Includes financial and managerial terms

Time Value of Money

Future and present value tables

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Chapters 1-4
Chapters 5-8
Chapters 9-11
Chapters 12-14
Chapters 15-16
- Chapter 15: Financial Reporting and Concepts
- Chapter 16: Financial Analysis and the Statement of Cash Flows
Chapters 17-20
Chapters 21-24
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