Chapter 8
The heading of your worksheet will answer the questions: who? what? _____?
When
Procedures within the business that are designed to protect cash and other assets and to keep reliable records are i_________ c____________
internal controls
A paper prepared as the evidence that a transaction occurred is a s________ d__________
Source Document
Which luxury car brand used to make farm equipment
Ferrari
What ocean is on the West Coast of The United States?
Pacific ocean
All accounts are labeled with numbers, which number range are liabilities in?
200s
Measures and procedures provided outside the business to protect cash and other assets are e__________ c____________
external controls
A chronological record of the transactions of a business is a j__________
journal
Which brand, well-known for its tomato sauce and baked beans, was established in 1869?
Heinz
In which state can you find the Grand Canyon?
Arizona
On your six Column Worksheet, the first step is the Trial balance where ALL amounts go into, the debits and credits in a trial Balance will ____________
Balance
A check that has been written but has not yet been
presented to the bank for payment.
Outstanding Check
An accounting period of twelve months is a f________ y____
fiscal year
What is the highest grossing movie of all time
Avatar
Name a country that drives on the left side of the road
there are 70 will check answers
The next step is the Income statement where you put your expenses in as _______, your revenue in as _________ and find your ____________
Debit, Credit, Net income/loss
A deposit that has been made and recorded in the
checkbook but does not yet appear on the bank statement.
Outstanding deposit
Normal account for equity is a _______
Credit
Which Finnish company is known for its telecommunications and networking equipment, including its iconic mobile phones in the past?
Nokia
What is the largest desert in the world?
Sahara Desert
You then move to the unbalanced balance sheet, we use the calculated ______________ to then put it into balance
Net income/loss
NSF in banking stands for
Not Sufficient Funds
Normal Account for an expense is a _______
debit
The name of the place to do the biggest accounting fraud in history is E_______
Enron
What is the most populous city in the world?