Accounting A
The process of planning, recording, analyzing and interpreting financial information
Accounting
Basic Accounting equation
Assets = Liabilities + Owner's Equity
The left side of a "T" account
Debit side
In business what does CFO stand for
Chief Financial Officer
What is the full name of the building you are in right now
Devos-Cook
Number children that your professor has
4
An amount owed
Liability
Amounts to be received in the future due to the sale of goods or services
Accounts Receivable
Lenders and shareholders are known as what kind of users
External
Jeff Bezos originally wanted to call Amazon this
Cadabra
The name of the campus president
Dr. Vonk
The percent of businesses in the U.S. that are considered small businesses
99%
The difference between assets and liabilities
Equity
The owner's claim on the business
Equity
In double entry accounting, debits must equal....
Credits
Headquartered in Lakeland, Fl. This is the third largest grocery store chain in America
Publix
The name of the Dean of Academics
Dean Peluso
The year Tik Tok became available in the US
2018
The amount remaining after the value of all liabilities is subtracted from the value of all assets is called
Owner's Equity
A sale for which a payment will be made at a later date
Accounts payable
Anything of value that is owned
Asset
Founded in 1995 by Pierre Omidyar, it is the most popular online auction site
eBay
The name of your professor (must pronounce last name correctly)
Dr. Bruce Geddes
The capital city of Australia
Canberra
Transferring information from a journal entry to a ledger account
Posting
Assets or money taken out of the business by the owner is called
Owner's draw
Journal entry for bought supplies with cash.
Debit - Supplies
Credit- Cash
What is the last name of the business tycoon behind the "No. 5" perfume?
Chanel
The name of the lake surrounding the school
It has no name
The only food that cannot spoil
Honey