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A multi-column form used by accountants as an aid in gathering data to complete the accounting cycle. ____ 2. An informal listing of the ledger accounts and their balances that aids in proving the equality of debits and credits. ____ 3. A form used to record business transactions in chronological order. ____ 4. The period of time for which an income statement is prepared. ____ 5. The transferring or copying of information from the journal to the ledger. ____ 6. The error that results in adding or deleting zeros in the writing of a number. ____ 7. Estimated value of an asset after all the allowable depreciation has been taken. ____ 8. The process of calculating the latest up-to-date balance of each account at the end of an accounting period. ____ 9. Cost of equipment less accumulated depreciation. ____ 10. Adding account numbers to the PR columns in the ledger and the journal to indicate the source and destination of each transaction, respectively.

Respuesta :

Answer:

1. Worksheet

2. Trial Balance

3.  Journal

4. Operating cycle

5. Transaction posting

6. Data Entry Error

7. Scrap Value

8. Adjustment of Entries

9. Net Book Value

10. Cross-referencing

Explanation:

A multi-column form used by accountants as an aid in gathering data to complete the accounting cycle is called a worksheet

2. An informal listing of the ledger accounts and their balances that aids in proving the equality of debits and credits is called a Trial Balance

3. A form used to record business transactions in chronological order is a Journal

4. The period of time for which an income statement is prepared is an operating cycle. Usually income statements are prepared monthly, quarterly but mostly yearly.

5. The transferring or copying of information from the journal to the ledger is referred to as posting.

6. The error that results in adding or deleting zeros in the writing of a number is an error of commission referred to as 'data entry error'

7. Estimated value of an asset after all the allowable depreciation has been taken is called 'Scrap Value'

8. The process of calculating the latest up-to-date balance of each account at the end of an accounting period. Adjustment (Adjusted Trial Balance)

9. Cost of equipment less accumulated depreciation is called the 'Net Book Value'

10. Adding account numbers to the PR columns in the ledger and the journal to indicate the source and destination of each transaction, respectively is known as cross-referencing.

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