Show:
Chart of Accounting
Financial Statements
Fixed Assets
Double Entry Accounting
Subsidiary Ledgers
100
Liability
What is Mortgage Payable?
100
Balance Sheet
What is the financial statement that has real accounts?
100
A Truck
What is an example of a capital asset?
100
the left side
What is a debit?
100
Accounts Receivable
What is the account that has monies owed to us by customers?
200
Asset
What is Cash and Equipment?
200
Income Statement
What is the report that is revenue less expenses?
200
A capital asset
What is something with future benefit that is long lasting?
200
debits must equal credits
What is necessary for the books to be in balance
200
Accounts Payable
What is the account that has money owed to our vendors?
300
Owner Drawing
What is it when the owner draws money out for personal use?
300
When expenses are larger than the revenue.
What is a net loss?
300
When a lease is at least 90% of the life of the asset?
What is a capital lease?
300
What is a listing of all the accounts and amounts in the General Ledger?
What is a trial balance
300
Alphabetical order
What is the order of subsidiary ledgers?
400
Unearned Revenue
What is a liability that involves customer deposits?
400
Worksheet
What is the tool accountants use to prepare financial statements?
400
Furniture
What is a non-current asset?
400
Italian
What is the nationality of the inventor of the double entry system?
400
Accounts receivable and payable
What are the two control accounts in the general ledger?