"Stuff You Should Know"
This planet is known as the Red Planet.
What is Mars?
An agreement between parties , creating mutual obligations that are enforceable by law.
What is a contract?
This term refers to the reduction in value of a fixed asset over time.
What is depreciation?
The mother organization of JPAMA.
What is CABEIHM/ College of Accountancy, Business, Economics and International Hospitality Management?
The process of comparing a company’s bank statement with its accounting records is called this.
What is bank reconciliation?
She is the first Disney princess.
Who is Snow White?
This branch of government interprets laws.
What is the judiciary?
The normal balance when recording freight in.
What is Debit?
The official mascot of the university.
What is Red Spartan?
When an asset's book value exceeds its recoverable amount, an accountant must record this.
What is an impairment loss?
This continent is home to the Amazon Rainforest.
What is South America?
It is where the local tax authority emanate from.
What is Sanggunian?
It is a type of activity where the cash loan involving a long term notes payable classified as in a cash flow statement.
What is Financing Activity?
This program provides general
accounting education to students wanting to pursue a professional career in management
accounting.
What is Bachelor of Science in Management Accounting program?
This type of inventory costing method results in the highest net income during inflation.
What is FIFO (First-In, First-Out)?
This is what a group of crows called.
What is a murder?
This legal principle prevents a person from being tried twice for the same crime.
What is double jeopardy?
It is what the gross profit represent in merchandising accounting.
What is Revenue from sales minus the cost of goods sold?
BSU was officially designated as "The National Engineering University" in this year.
What is 2022?
They are short-term and highly liquid investments that are readily convertible in cash and so near their maturity that they present insignificant changes in value because of changes in interest rate.
What are cash equivalents?
This country is known as the "Land of the Rising Sun.
What is Japan?
The party who initiates a lawsuit.
What is the plaintiff?
Assets = Liabilities + Owner’s Equity
What is the accounting equation?
He is the President of the Batangas State University
Who is President Tirso A. Ronquillo
It refers to claims arising from sale of merchandise or services in the ordinary course of business.
What is Trade receivables?