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Chapter 8
Chapter 9
Chapter 10
Chapter 11
Accounting Stuff
100
If you have a net loss, your expenses are ______ than your revenues
more
100
Of the 3 financiall statements, only one does not start with for month ended ?
What is the Balance Sheet
100
How many closing entries are there?
What is 4.
100
A card you fill out for the bank when establishing an account to help prevent forgery.
What is a signature card.
100
If you lose money in a financial period it is called a net ______?
What is loss.
200
The __________ section of the worksheet contains just the permanent acts
Balance Sheet
200
The net income or loss on the income statement should match what other form?
What is the Worksheet
200
True or False. In the 3rd closing entry you close capital?
What is false.
200
On the bank reconciliation You also include ______checks and ____deposits.
What is outstanding.
200
Homer, MNarge, Lisa, Maggie and Bart make up the
What is the Simpsons
300
The 3 sections of the worksheet
Trial balance, Income Statement, and Balance Sheet
300
DDName the 3 financl statements prepared after the Worksheet.
What is the Income Statement, Capital Statement (Statement of Owners Equity, and the Balance Sheet.)
300
Accounts that are closed are called _____ accounts.
What is temporary.
300
The person who signs the check
What is the drawer.
300
Dly dble Mark Twain said only 2 things guarnteed in life
What is death and taxes.
400
The first account on the Income Statement
Income Summary
400
Where do you get the capital from that you use on the balance sheet ?
Capital Statement or Statement of Owners Equity
400
What is the last acct on post closing trial balance?
What is the Owners Capital Account.
400
The bank on which the check is drawn.
What is the drawee.
400
All 6 acct classifications starting with assets
What is Assets, Liabilities, Owners equity, Cost of Merchandise, Revenue, Expenses.
500
Net inc is entered in what column of the income statement
Debit Column
500
Your ending capital appears on what 2 financial statements
What is theCapital Statement (Statement of Owners Equity) and the Balance Sheet.
500
What is the balance side of income summary?
What is none.
500
An endorsement that limits how a check can be handled.
What is a restrictive endorsement.
500
Basic formula for finding the Owners Capital on the Statement of Owners Equity.
What is the Old Capital + Net Income - Net Loss - Withdrawls.