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. Sales are an example of retailers' operating __________________.

6. Accounts are contained in the general ___________.

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

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

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

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

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

12. The ______ of accounts receivable sorts the customers' balances according to the dates when the amounts of the sales invoices should be collected.

13. These cause stockholders' equity to decrease.

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

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

16. Internal controls include the _______________ of duties.

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

18. Another term for supplier.

19. One to whom money is owed.

20. __________ Insurance is an asset account.