Show:
Chapter 10
Chapter 9
Chapter 8
Chapter 7 & 6
Chapter 5
100
A person or business to whom merchandise or services are sold.
What is a customer?
100
The retail price listed in a catalog or on an Internet site.
What is the list price?
100
The series of accounting activities included in recording financial information for a fiscal period.
What is the accounting cycle?
100
Any persons or groups who will be affected by an action.
What is stakeholders?
100
A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder.
What is a debit card?
200
A sale in which a credit card is used for the total amount of the sale at the time of the transaction.
What is a credit card sale?
200
The amount added to the cost of merchandise to establish the selling price.
What is the mark up?
200
Journal entries recorded to update general ledger accounts at the end of a fiscal period.
What is adjusting entries?
200
The percentage relationship between one financial statement item and the total that includes that item.
What is the component percentage?
200
A check with a future date on it.
What is a postdated check?
300
A sale in which cash is received for the total amount of the sale at the time of the transaction.
What is a cash sale?
300
Goods that a business purchases to sell.
What is merchandise?
300
Journal entries used to prepare temporary accounts for a new fiscal period.
What is closing entries?
300
The difference between total revenue and total expenses when total revenue is greater.
What is the net income?
300
A statement that guides the ethical behavior of a company and its employees.
What is a code of conduct?
400
The process of preparing a batch report of credit card sales from a point-of-sale terminal.
What is batching out?
400
An account that reduces a related account on a financial statement.
What is a contra account?
400
Accounts used to accumulate information from one fiscal period to the next.
What is permanent accounts?
400
A columnar accounting form used to summarize the general ledger information needed to prepare financial statements.
What is a work sheet?
400
A report of deposits, withdrawals, and bank balances sent to a depositor by a bank.
What is a bank statement?
500
The report that summarizes the cash and credit card sales of a point-of-sale terminal.
What is the terminal summary?
500
Credit allowed for part of the purchase price of merchandise that is not returned, resulting in a decrease in the customer’s accounts payable.
What is purchases allowance?
500
Trial balance prepared after the closing entries are posted.
What is post-closing trial balance?
500
Changes recorded on a work sheet to update general ledger accounts at the end of a fiscal period.
What is adjustments?
500
A check that a bank refuses to pay.
What is a dishonored check?