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Chapter 2 revised

Across
The plus side of a T account
A form of account shaped like the letter T in which increases and decreases in the account may be recorded.
A list of all account balances to prove that the total of all debit balances equals the total of all credit balances
A financial statement showing the results of business transactions involving revenue and expense accounts over a period of time.
A report prepared by accountants that summarizes the financial affairs of a business
The result when total revenue exceeds total expenses over a period of time.
An error in placing the decimal point in a number
The result when total expenses exceed total revenue over a period of time.
Down
The resources or assets owned by an organization at a point in time, offset by the claims against those resources and owner's equity; shown on a balance sheet
A financial statement showing the financial position of an organization on a given date, such as June 30 or December 31.
An error that involves interchanging, or switching around, digits during the recording of a number
The form of the balance sheet in which assets are placed at the top and liabilities and owner's equity are placed below
A transaction that requires more than one debit or more than one credit to be recorded
The totals of each side of a T account
The right side of a T account
The left side of a T account