Intro to Accounting
A, L & E
Accounts, Accounts, Accounts
Sales Transactions
Quickbooks
100
This is what accounting is often called.
What is the language of business?
100
These are items that are owned that have monetary value.
What are assets?
100
The account where the funds that have not been deposited are.
What is the undeposited funds account?
100
This is the center where you enter a new customer.
What is the "Customer Center" ?
100
These are the five editions available in Quickbooks
What are Pro, Premier, Accountant, Enterprise, and Online
200
This is the purpose of accounting.
What is to assess the financial position of an organization?
200
These are the 2 ways the fundamental accounting equation is stated.
What are 1) Assets-Liabilities=Owner's Equity and 2) Assets=Owner's Equity+Liabilities?
200
The account that keeps track of the money that you are expecting to receive or get paid.
What is account receivable?
200
This is the sales form we use to record a cash sale.
What is a sales receipt?
200
These are the two locations for our Academy Photography company.
What are San Jose and Walnut Creek?
300
These represent the types of business organizations.
What are 1)sole proprietorships, 2)partnerships and 3)limited companies?
300
This refers to money owed by a company
What are liabilities?
300
The account we deposit into when we record deposits.
What is the checking account?
300
This is the form we use to record a credit sale.
What is an invoice?
300
This is the extension for a QuickBooks working data file
What is QBW?
400
This is when only one individual owns a company
What is a sole proprietorship?
400
The checking account is of this account type.
What is asset?
400
These are 3 examples of organizations that may be interested in a company's financial position
What are 1) Suppliers, 2) Banks and 3) Government?
400
This is how you enter the payment terms when the customer has 45 days to pay and a 2% discount if they pay within 5 days of invoice
What is 2% 5 Net 45?
400
This is the extension for a QuickBooks portable file
What is QBM?
500
In double entry accounting debit must always ______ credits.
What is "equals"?
500
These are amounts that have been paid or will be paid later for costs that have been incurred.
What are expenses?
500
These are the five account types in accounting.
What are assets, liabilities, equity, income, and expenses.
500
This is the icon we use to receive or record a payment
What is "receive payments" icon?
500
This is the listing that includes all of the accounts in a company.
What is the Chart of Accounts?
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