| A | B |
|---|
| A net loss is entered in the ____column of the Income Statement section of the work sheet. | credit |
| The____of the work sheet answers the questions "who?", "what?", and "when?". | heading |
| A(n)______results when revenue is larger than expenses. | net income |
| The_____allows a business to match revenue against expenses as a means of measuring profit for the period. | matching principle |
| A(n)______is a paper used to collect information from the general ledger accounts. | work sheet |
| The amount of net income for the period is added to the Balance Sheet credit total because it increases the balance in the ______account. | capital |
| The asset, liability, and owner's equity accounts are extended to the _____of the work sheet. | Balance sheet section |
| ______means drawing a line under a column of amounts. | ruling |
| If there is a net loss for the period, it is entered in the ______column of the Balance Sheet section of the work sheet. | debit |
| Revenue and expense accounts are listed int he Trial Balance section of the work sheet and in the _____of the work sheet. | Income Statement Section |
| The first two columns of the worksheet are used to enter the ______ | trial balance |
| _____is transferring balances from the Trial Balance section of the work sheet to either the Balance Sheet section of the Income Statement section. | extending |
| If the total of the credit column of the Income Statement section is less than the debit column, there is a(n)______for the period. | net loss |
