Journalizing Transactions
A business form ordering a bank to pay cash from a bank account
What is a check?
A singer-songwriter known for her leadership in the contemporary R&B movement, and of the dance-pop genre in the 80-90s
Who is Janet Jackson?
A group of accounts
What is a ledger?
The area of accounting that focuses on reporting information to external users
What is financial accounting?
A form for recording transactions in chronological order
What is a journal?
One of the most influential British musicians, and lead singer of The Rolling Stones
Who is Mick Jagger?
The number assigned to an account?
What is account number?
The ratio of net income to total sales
What is return on sales (ROS)?
Information for each transaction recorded in the journal
What is an entry?
”Father of Accounting“
Who was Luca Pacioli?
Writing an account title and number on the heading of an account
What is opening an account?
A comparison between two components of financial information
What is financial ratio?
An invoice used as a source document for recording a sale on an account
What is a sales invoice?
In 1899, she was the first female certified public accountant in the United States
Who was Christine Ross?
A letter that contains all accounts needed to prepare financial statements
What is a general ledger?
A financial statement that reports the changes in the capital account for a proprietorship for a period of time
What is a statement of owners equity?
The record of debit and credit parts of a transaction
What is a double-entry account?
The saint of accountants, bookkeepers, tax collectors, stockbrokers, and bankers
Who was Saint Matthew?
The procedure for arranging accounts in the general ledger, assigning account numbers, and keeping records current.
What is file maintenance?
Reporting an amount on a financial statement as a percentage of another item on the same financial statement
What is vertical analysis?