Match the words to the questions and complete a crossword. Do not make blanks between the words in word combinations.

1. This principle allows us to close and balance the ledger accounts.

3. This is the process of shifting the amounts from the revenue and expense accounts to the profit and loss summary account so that profit can be determined.

5. The revenue and expense ledgers are the examples of this type of ledger account.

7. This is the journal that we use to record closing entries and the transfer of amounts from the drawings to the capital ledger.

10. This trial balance is prepared after balancing the ledger accounts and is the statement of financial position.

11. This is the principle that allows us to close and balance the ledger accounts.

12. This is prepared after footing as a means of checking to see if we have made mistakes with the recording process.

13. This is an entry in the General Journal that close the temporary ledgers and allows us to calculate the profit or loss for the business in the ledger accounts.

Down:

2. This ledger is where the revenue and expense ledgers are closed to.

4. This ledgers are opened for the life of the business and are reported in the statement of financial position.

6. The Profit and Loss ledger is the example of this type of account.

8. This is what we do to the ledger accounts before we prepare the trial balance.

9. We do this to the permanent ledgers and then produce a post-closing trial balance.