Accounting Profession
Accounting Principals
Accounting Process
Special Applications
Bonus
100
CPA stands for this
What is Certified Public Accountant
100
Paying insurance at the beginning of the year
What is prepaid insurance
100
The income statement and balance sheet are used to complete
What are adjusting enteries
100
A list of employees to be paid
What is a payroll
100
Nickname for period 7 Accounting II class
What is Powerclass
200
Accounting involving crimes
What is forensics
200
GAAP stands for
What is Generally Accepted Accounting Principals
200
As a business buys a vehicle on account it affects these sides of the "accounting equation"
What is Assets and Liabilities
200
If cash is credited, ______ is debited when paying the payroll
What is salaries expense
200
Ms. Manning's room number
What is 119
300
Illegal actions of an accountant
What is discussing other client's affairs with another client
300
When paired with cash, expenses are
What is debited
300
The time adjusting entries are done
When is before the release of their financial statements
300
Medicare, Federal, State, Unemployment are all ____ (s) that must be taken out of the employees pay
What are taxes
300
Most notable accounting adage
What is "Debit to the left, Credit to the right"
400
One profession that is in great demand
What is an Accountant
400
Accrual or Deferral: Debit: Accounts Receivable Credit: Sales
What is accrual
400
Keeps the processes of accounting comparable and homogeneous
What is a uniform accounting system
400
FICA stands for _______ _______ _______ _______
What is Federal Insurance Contribution Act
400
Software used with Mini-Practice sets
What is Peachtree
500
Four major accounting firms
What is Deloitte, PwC, Ernst & Young, KPMG
500
A copyright is an example of
What is an intangible asset
500
Close the income summary account to
What is retained earnings
500
True or False: The employee attains all the cash that they worked for (ex: hrs. x rate = all cash)
What is False
500
The four business teachers
Who are: Ms. Manning, Mrs. D'Onofrio, Mrs. LaClair, and Mr. Nielson
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