General Business
Banking
Types of Accountants
General Accounting
Finance
100
Two or more people privately own this type of business?
What is a partnership?
100
The piece of paper you use to pay people
What is a check?
100
This person does your taxes every year
What is a tax accountant?
100
The two possibles balances of an account
debit or credit
100
The point at which all revenues equal all expenses
What is the break even point?
200
The business/person you sell goods to?
What is a customer?
200
The account you write checks from
What is a checking account?
200
The officer who is in charge of the finances of the company
What is the CFO (Chief Financial Officer)?
200
A box containing a small amount of cash used for small distributions (too small for the normal cash paperwork)
Petty Cash
200
The financial statement that shows assets, liabilities, and equity
What is the balance statement?
300
Companies that make the same and/or similar products as yours?
What are competitors?
300
This is a debt owed to a bank
What is a loan?
300
The most popular accounting certification
What is a CPA (Certified Public Accountant)?
300
This balance sheet account holds the value of all merchandise until the goods are sold
What is inventory?
300
The statement the shows the profits and losses of a business
What is the Profit and Loss Statement?
400
This piece of paper denotes ownership in a public company?
Stock or Share
400
Money you have to pay banks on loans
What is interest?
400
The organization that internal auditors are a part of
What is the Institute of Internal Auditors?
400
When goods are sold on Net 30 terms, what account will you debit?
What is Accounts Receivable?
400
Daily double
Free points!
500
Small businesses make up what percent of all businesses in the United States?
What is 99%
500
This is how you find out how much money you have available (after outstanding checks)
What is a Reconciliation/ Check Register?
500
This type of accountant investigates issues like fraud, embezzlement, contract disputes, and money laundering
What is Forensic Accountant/ Fraud accountant?
500
The most liquid asset of all
What is cash?
500
The plan for the year of revenues and expenses
What is a budget?
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