Vocab
the difference between total revenue and total expenses when total expenses are greater
what is net loss
what is written on the three line heading on a worksheet
what is name of the company, type of sheet, and fiscal period
the difference between total revenue and total expenses when total revenue is greater
what is net income
what general ledger accounts are listed in the trial balance column of a worksheet
what is assets, liabilities, and owners equity
an endorsement restricting further transfer of check's ownership
what is restrictive endorsement
what account is credited when a debit card is used to purchase supplies
what is cash
an amount of cash kept on hand and used for making small payments
what is petty cash
list 2 reasons why a bank may dishonor a check
what is check appears to be altered, the signature does not match, words and figures don't agree, check is post dated, the person who wrote the check stopped payment.
check that a bank refuses to pay
what is dishonored check
list the three types of endorsements
what is restrictive, special, and blank