Bookkeeping (Word Scramble)

1. These are entered on the left side of an account.

2. These are entered on the right side of an account.

3. These accounts will normally have a credit balance.

4. These accounts will normally have debit balances.

5. The accounting or bookkeeping ___________ is Assets = Liabilities + Stockholders' Equity.

6. Sales are an example of retailers' operating __________________.

7. The credit amount in the depreciation entry is recorded in ______________ Depreciation.

8. Accounts are contained in the general ___________.

9. Entries for depreciation are first written in the general ___________.

10. These will reduce stockholders' equity.

11. The type of adjusting entry associated with a prepayment.

12. __________ Insurance is an asset account.

13. The type of account that is affected by the accrual of an expense.

14. Under _________-entry bookkeeping a transaction affects a minimum of two accounts.

15. Internal controls include the _______________ of duties.

16. A ___________-in-transit may be one of the adjustments appearing in the bank reconciliation.

17. Another term for supplier.

18. One to whom money is owed.

19. Bona fide invoices from suppliers that are to be paid in 30 days are reported in Accounts _______.

20. The ______ of accounts receivable sorts the customers' balances according to the dates due.