A person who has a broad range of responsibilities, makes business decisions, and prepares and interprets financial.
What is Accountant
100
A person who transforms ideas for products or services into real-world businesses.
What is a Entrepreneur
100
Property or items of value owned by a business.
What is Assets
100
The relationship between current assets and current liabilities calculated by dividing the dollar amount of current assets by the dollar amount of current liabilities.
What is Current Ratio
100
A paper prepared as evidence that a transaction occurred.
What is Source Document
200
Accounting services that range from tax preparation to merger and acquisition consultation; a variety of accounting services offered to businesses.
What is Public Accounting
200
A business that transforms raw materials into finished products through the use of labor and machinery.
What is Manufacturing Business
200
Legal rights to an item.
What is Financial Claims
200
A measure of the relationship between short-term assets and current liabilities.
What is Quick Ratio
200
A source document that lists the same information that appears on a check and shows the balance in the checking account before and after each check is written.
What is Check Stub
300
An entry level job usually preforming one or two accounting tasks.
What is An Accounting Clerk
300
A business owned by one person.
What is Sole Proprietorship.
300
Items of value that are owned or controlled by a business; economic resources of a business.
What is Property
300
The measure of a business's ability yo pay its current debts as they become due and to provide for unexpected needs of cash.
What is Liquidity Ratio
300
A bill; a form that lists the quantity, description, unit price, and total cost of the items sold and shopped to a buyer.
What is Invoice
400
A systematic process of recording and reporting the financial information resulting from business transactions
What is Accounting System
400
A business that buys goods(for example, books or clothing) and then sells those goods for a profit.
What is Merchandising Business
400
Those assets owned by a business but not used in the operation of the business.
What is Investments
400
Assets that are either used up or converted to cash during the normal operation cycle of the business, usually one year.
What is Current Assets
400
A brief written message that describes a transaction that takes place within a business.
What is Memorandum
500
Passed a national test and meet specified experience and education standards to become "certified" to practice accounting.
What is Certified Public Accountant
500
Provides a needed service for a fee.
What is Service Business
500
Creditors' and owners' financial claims to the assets of a business.
What is Property Rights
500
Debts of the business that must be paid within the next accounting period.