Choose the synonym
firm (He is a partner at a local accounting firm)
a. soft
b. rigid
c. company
d. shop
e. emphatic
company
It is the space containing a business's accounting, IT, human resources, and other administrative departments.
a. front office
b. administration
c. operations
d. auxiliary facilities
e. back-office
*IT=information technology
back-office
bookkeepers
Ex: A good bookkeeper is essential to keep the financial records in order.
As a management trainer, she rotate through different department
As a management trainee, she rotates through different departments
a. Our _____ advised us on financial planning
b. Anyone working as a _____ must have a certificate and a license issued by a State board of accountancy
a. Our CPA advised us on financial planning
b. Anyone working as a CPA must have a certificate and a license issued by a State board of accountancy
add (Two add four equals six)
a. annex
b. plus
c. extra
d. minus
e. to the power of
plus
When a number is meant to be broken into equal units of a certain quantity.
a. distributed
b. prorated
c. shared
d. divided by
e. multiplied by
divided by
less
Ex: Seven less four leaves three
$17.300 over 11% equal -$1.903
$17.300 multiplied by 11% equals $1.903
a. Eight _____ a number is forty-eight
b. The cost of goods sold is five _____ the direct labor cost
a. Eight times a number is forty-eight
b. The cost of goods sold is five times the direct labor cost
invoice (A purchase invoice is a document requesting that payment be made for a purchase.)
a. bill
b. credit note
c. receipt
d. inventory
e. list
bill
A set of drawers that people store records in.
a. folder
b. dresser
c. file cabinet
d. archives
e. library
file cabinet
note pad
Ex: Have a pencil and a note pad ready
The team listed short-term goals in the whiteboard
The team listed short-term goals on the whiteboard
a. A _____ is a small item that is typically recorded as an office expense
b. As an accountant, I deal with many papers, and I fear that my office would become a real mess without the presence of a _____
c. Fix the sheets together using a _____
a. A stapler is a small item that is typically recorded as an office expense
b. As an accountant, I deal with many papers, and I fear that my office would become a real mess without the presence of a stapler
c. Fix the sheets together using a stapler
desk lamp (A desk lamp is a device that provides light for a desk)
a. lampshade
b. light bulb
c. adjustable arm
d. dimmer
e. table lamp
table lamp
Data storage devices using a memory chip
a. drive
b. flash drives
c. floppy drives
d. CD-ROM readers
e. cloud
flash drives
calculator
Ex: Use our mortgage calculator to figure out what your monthly payments are
The accounting apartment applyed a 40% depreciation rate to the new computer printer.
The accounting department applied a 40% depreciation rate to the new computer printer.
a. We need to depreciate the _____ over its useful life, typically three years
b. A _____ is a portable computer
a. We need to depreciate the laptop computer over its useful life, typically three years
b. A laptop computer is a portable computer
fiscal year (A fiscal year is the period used by organizations to prepare annual financial statements)
a. calendar year
b. accounting year
c. business year
d. tax year
e. budget year
accounting year
business year
tax year
budget year
The original, physical or electronic record containing the details of a business transaction, serving as foundational evidence for bookkeeping.
a. source document
b. secondary document
c. derivative work
d. final report
e. output
source document
accounting software
Ex: Small businesses often use user-friendly accounting software to manage their daily financial transactions
A adjusted trial balance are a listing of account balances after some corrections have been made.
An adjusted trial balance is a listing of account balances after corrections have been made.
a. _____ is a list of employees and their salaries or wages
b. There are just three employees on the _____
a. Payroll is a list of employees and their salaries or wages
b. There are just three employees on the payroll