TemporaryAccountsThese accountsare brought tozero and closedbefore postclosing trialbalance.AdjustingEntriesStep 5 intheAccountingCycleStep 8 inthe Acct.CyclePostClosingTrialBalanceLedgers- PostStep3TrialBalance -WorksheetStep4BeginningBalance fornew FiscalPeriodThis is also theending balancefor a permanentaccount at theend of a fiscalperiod.DrawingStep 4 inclosingtemporaryaccountsSecond Stepin ClosingTemporaryAccountsCloseExpensesZeroTemporaryaccountbalances atthe end of thefiscal periodOwner'sEquity onBalanceSheetWhere you canverify your owner'sequity balance foryour post closingtrial balance. Itshould match thisamount.BalanceSheetThe financialstatementwhere youfind the realaccounts.AccountingCyclethe stepsaccountantstake for afiscal periodIncomeStatementAccountsAlso known astemporary accountsand nominalaccounts, theseaccounts also go bythe name of thefinancial statementwhere you find them.IncomeStatementThe financialstatementwhere you findthe nominalaccounts.ClosingEntriesStep7List ofPermanentAccountswith CurrentBalancePostclosingtrialbalanceSourceDocuments-AnalyzeTransactionsStep 1 intheAccountingCycleIncomeSummaryA temporaryaccount used tohold balancesuntil accountscan be closed.EqualDebits andcreditsmustalways....FinancialStatementsStep 6in theCycleBalanceSheetAccountsAlso known aspermanent accountsand real accounts,these accounts alsogo by the financialstatement where youfind them.PermanentAccountsThese appear onthe post closingtrial balance withupdated balancesfor the fiscalperiod.First Stepin ClosingTemporaryAccountsRevenueStep 2 intheAccountingCycleJournalizeTemporaryAccountsThese accountsare brought tozero and closedbefore postclosing trialbalance.AdjustingEntriesStep 5 intheAccountingCycleStep 8 inthe Acct.CyclePostClosingTrialBalanceLedgers- PostStep3TrialBalance -WorksheetStep4BeginningBalance fornew FiscalPeriodThis is also theending balancefor a permanentaccount at theend of a fiscalperiod.DrawingStep 4 inclosingtemporaryaccountsSecond Stepin ClosingTemporaryAccountsCloseExpensesZeroTemporaryaccountbalances atthe end of thefiscal periodOwner'sEquity onBalanceSheetWhere you canverify your owner'sequity balance foryour post closingtrial balance. Itshould match thisamount.BalanceSheetThe financialstatementwhere youfind the realaccounts.AccountingCyclethe stepsaccountantstake for afiscal periodIncomeStatementAccountsAlso known astemporary accountsand nominalaccounts, theseaccounts also go bythe name of thefinancial statementwhere you find them.IncomeStatementThe financialstatementwhere you findthe nominalaccounts.ClosingEntriesStep7List ofPermanentAccountswith CurrentBalancePostclosingtrialbalanceSourceDocuments-AnalyzeTransactionsStep 1 intheAccountingCycleIncomeSummaryA temporaryaccount used tohold balancesuntil accountscan be closed.EqualDebits andcreditsmustalways....FinancialStatementsStep 6in theCycleBalanceSheetAccountsAlso known aspermanent accountsand real accounts,these accounts alsogo by the financialstatement where youfind them.PermanentAccountsThese appear onthe post closingtrial balance withupdated balancesfor the fiscalperiod.First Stepin ClosingTemporaryAccountsRevenueStep 2 intheAccountingCycleJournalize

Chapter 8 Accounting - Call List

(Print) Use this randomly generated list as your call list when playing the game. There is no need to say the BINGO column name. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.


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  1. These accounts are brought to zero and closed before post closing trial balance.
    Temporary Accounts
  2. Step 5 in the Accounting Cycle
    Adjusting Entries
  3. Post Closing Trial Balance
    Step 8 in the Acct. Cycle
  4. Step 3
    Ledgers - Post
  5. Step 4
    Trial Balance - Worksheet
  6. This is also the ending balance for a permanent account at the end of a fiscal period.
    Beginning Balance for new Fiscal Period
  7. Step 4 in closing temporary accounts
    Drawing
  8. Close Expenses
    Second Step in Closing Temporary Accounts
  9. Temporary account balances at the end of the fiscal period
    Zero
  10. Where you can verify your owner's equity balance for your post closing trial balance. It should match this amount.
    Owner's Equity on Balance Sheet
  11. The financial statement where you find the real accounts.
    Balance Sheet
  12. the steps accountants take for a fiscal period
    Accounting Cycle
  13. Also known as temporary accounts and nominal accounts, these accounts also go by the name of the financial statement where you find them.
    Income Statement Accounts
  14. The financial statement where you find the nominal accounts.
    Income Statement
  15. Step 7
    Closing Entries
  16. Post closing trial balance
    List of Permanent Accounts with Current Balance
  17. Step 1 in the Accounting Cycle
    Source Documents-Analyze Transactions
  18. A temporary account used to hold balances until accounts can be closed.
    Income Summary
  19. Debits and credits must always....
    Equal
  20. Step 6 in the Cycle
    Financial Statements
  21. Also known as permanent accounts and real accounts, these accounts also go by the financial statement where you find them.
    Balance Sheet Accounts
  22. These appear on the post closing trial balance with updated balances for the fiscal period.
    Permanent Accounts
  23. Revenue
    First Step in Closing Temporary Accounts
  24. Journalize
    Step 2 in the Accounting Cycle