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Terms Smerms
Transactions
Forms Smorms
Check It Out
Odds & Ends
100
Increase in equity resulting from the sales of goods and services.
What is revenue?
100
Recording transactions in a journal.
What is journalizing?
100
A business form ordering a bank to pay cash from a bank account.
What is a check?
100
A bank form which lists the checks, currency, and coins an account holder is adding to bank.
What is a deposit slip?
100
Sleepy, Happy, Sneezy, Grumpy, Dopey, Doc. Who's missing?
Who is Bashful?
200
Cost of goods and services used to operate a business.
What is an expense?
200
A business paper from which information is obtained for a journal entry.
What is a source document?
200
An invoice used as a source document for recording a sale on account.
What is a sales invoice?
200
A signature or stamp on the back of a check transferring ownership.
What is an endorsement?
200
Which is the largest ocean?
What is the Pacific?
300
Assets taken from the business for the owner's personal use.
What is a withdrawal?
300
Transferring information from a journal entry to a ledger account.
What is posting?
300
A business form giving written acknowledgement for cash received.
What is a receipt?
300
An endorser indicating a new owner of a check.
What is a special endorsement?
300
Dusti
What is the name of Mrs. Laco's Dog?
400
A list of accounts used by a business.
What is a chart of accounts?
400
Writing an account title and number on the heading of an account.
What is "opening an account"?
400
A form on which a brief message is written to describe a transaction.
What is a memorandum?
400
An endorsement restricting further transfer of a check's ownership.
What is a restrictive endorsement?
400
How many dots are there on two dice?
What is 42?
500
An accounting device used to analyze transactions. Has a left and right side.
What is a T Account?
500
A computerized cash payment system that transfer funds without the use of checks, currency, or other paper document.
What is electronic funds transfers?
500
A form with columns used to summarize the general ledger information needed to prepare financial statements.
What is a worksheet?
500
A check that cannot be processed because the maker has made it invalid.
What is a voided check?
500
What are the first three words of the bible?
What is "In the beginning"?