1.01
2.01
2.03
4.03
4.01
100
Anything of value that is owned
What is Asset?
100
A permanent record of an organization's accounts organized by account type and number
What is General Ledger?
100
A business starts the new accounting period with this amount in all of the temporary accounts
What is Zero?
100
The money paid for the employee's services
What is Salary?
100
it is illegal to write a check on an account that does not have enough
What is Money?
200
Assets=Liabilities+Owner's Equity
What is Accounting Equation?
200
The initial information recorded in a ledger from a balance sheet
What is Opening Balance?
200
This verifies that the debits and credits in the general ledger are equal
What is Post Closing Trial Balance?
200
Used as the source document to complete a payroll and records the arrival and departure times each day along with the total of time worked
What is Time Card?
200
A check that the bank will not pay due to non-sufficient funds in the account
What is Dishonored Check?
300
The account used to summarize the owner's equity in a business
What is Revenue?
300
The debit and credit columns are for recording
What is each specific transaction?
300
The total of the debits and the credits from the general ledger accounts are equal then the ledger
What is in balance?
300
Total amount of earnings owed to all of a business' employees
What is Payroll
300
When a business receives a check, it is recorded as
What is Debit to Cash?
400
A decrease in the owner's equity resulting from the operation of a business
What is Expense?
400
The balance debit and credit columns are for recording
What is the cumulative balance for the account?
400
Capture expenses in same fiscal period in which they helped generate that fiscal period’s revenue
What is Matching Principle?
400
Calculated according to the rate of pay times the number of hours worked up to 40 hours per week
What are Regular Hours?
400
A computerized cash payment system
What is Electonic Funds Transfer (EFT)?
500
The account used to summarize the owner's equity in a business
What is Capital?
500
The four main columns that a general ledger has
What are Debit and Credit columns, and Balance Debit and Credit columns?
500
These refer to permanent accounts
What are assets, liabilities, and owner's capital?
500
This form allows you to declare the number of persons you are legally responsible for supporting including yourself
What is W-4 Form?
500
A bank card that is used in place of a check to make payments
What is Debit Card?
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