Accounting is Fun!
This account which is first on the Trial Balance AND Balance sheet is sometimes known as the "King" of accounting?
What is Cash?
When talking about Revenue, it normally has this type of balance.
What is Credit
Cash is one example of an ______.
What is an Asset?
QBO stands for this.
What is QuickBooks Online.
This is what the CLA stands for.
What is Clifton Larson Allen?
For every journal entry, there must be an equal amount of credits and ______
What are debits?
The left side of a "T" account is the _________ side.
What is debit?
Liabilities often have the word __________ in their account title.
What is Payable?
When doing a bank reconciliation, you should only finish once the difference line shows this.
What is 0.00 (zero)
Data Analysts would work in the _________ Department at CLA.
What is CAAS (Outsourcing)
Writing a check is an example of a cash _______
What is a Disbursement (Expense)?
If I debit my credit card account in a journal entry that means I am ______________ the balance I owe.
What is decreasing?
The listing of all of the accounts available for use in a company's accounting system is known as the ...
What is the Chart of Accounts?
QBO Accountant (QBOA) has a special section only for accountants called:
What is Accountants' Toolbox
She is the CEO of CLA.
Who is Jen Leary?
Accounting records are usually kept on the cash or accrual _______ of accounting.
What is basis?
Revenue minus expenses equals this.
What is Net Income?
This financial statement reports the revenues and expenses for a period of time such as a year or a month.
What is an income statement? (Profit and Loss)
To enter a journal entry, click on the large ______ button and choose Journal Entry.
What is "Add"?
CLA is the _______ largest accounting firm in the USA.
What is 8th?
Accounting entries involve a minimum of this many accounts.
What is two?
The difference between Assets and liabilities is called ________.
What is Equity?
This financial statement reports the assets, liabilities, and equity at a specific date.
What is a balance sheet.
QBO lets you categorize things based on location and _______.
What are classes?
This is CLA's promise.
What is "To know you and help you"?