Account Balances
What type of balance does Accounts Receivable normally have in the General Ledger?
What is debit balance?
What classification is the Sales account?
What is revenue?
Who is General Ledger?
GAAP
What is Generally Accepted Accounting Principles?
What account would be used for recording the Total Earnings of employees?
What is Salary Expense
What type of balance does Allowance for Uncollectible Accounts have in the General Ledger?
What is credit balance?
What classification is Allowance for Uncollectible Accounts?
What is Asset?
What is the term for the list of all accounts used in a business?
What is Chart of Accounts?
CPA
What is Certified Public Accountant?
What account would be used for taxes taken out for retirement that was set up by the FICA law?
What is Social Security?
What type of balance does Uncollectible Accounts Expense have in the General Ledger?
What is debit balance?
What classification is Accounts Receivable?
What is Asset?
Name a contra account to purchases?
What is Purchases Discount or Purchases Returns and Allowances?
AR
What is Accounts Receivable?
What account is used to record the employer's share of taxes?
What is Payroll Taxes Expense?
What type of balance does Sales normally have in the General Ledger?
What is debit balance?
What classification is Uncollectible Accounts Expense?
What is an Expense?
Name one Equity account.
What is Capital, Drawing or Income Summary?
BS
What is Balance Sheet?
What account is used to update customer accounts?
What is Accounts Receivable?
IS
What is Income Summary or Income Statement
What account is a contra account to Accounts Receivable?
What is Allowance for Uncollectible Accounts?