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Honesty
Integrity
Dependability
Compassion
Consistency
100
a form on which a brief message is written describing a transaction
What is memorandum
100
a ledger that is summarized in a single general ledger amount
What is subsidiary ledger
100
a gain measured in money that derives from capital or labor; also the amount of such gain received by an individual in a given period of time.
What is income
100
an amount owed by a business
What is liability
100
a business paper from which information is obtained for a journal entry
What is source document
200
determining that amounts are in agreements or in balance
What is proving
200
an amount of cash kept on hand and used for making small purchases
What is petty cash
200
recording transactions in a journal
What is journalizing
200
a financial statement showing the revenue and expenses for a fiscal period
What is income statement
200
a business form giving written acknowledgement for cash received
What is receipt
300
*****QUADRUPLE JEOPARDY!!!!**********
1) may be in charge of a small cash fund, file accounting records, type accounting reports 2) a columnar accounting form used to summarize the general ledger information needed to prepare financial statements
300
a division of a major chart of accounts which lists owner's equity accounts for a corporation
What is stockholder's equity
300
the amount of goods on hand
What is inventory
300
an increase in owner's equity resulting from the operation of a business
What is revenue
300
goods that a merchandising business purchases to sell
What is merchandise
400
a trial balance prepared after the closing entries are posted
What is post-closing trial balance
400
the measurement, state, or quality of being material
What is materiality
400
****QUADRUPLE JEOPARDY!!!!*****
1) a business selling accounting services to the general public 2) a business owned by one person
400
to gain possession by paying money or the equivalent
What is purchase
400
verifying that the information on a bank statement and a checkbook are in agreement
What is reconciling
500
assets taken out of a business for the owner's personal use
What is withdrawal
500
a proof of the equality of debits and credits in a general ledger
What is trial balance
500
a business in which two or more people combine their assets and skills
What is partnership
500
a business activity that changes assets, liabilities, or owner's equity
What is transaction
500
*****QUADRUPLE JEOPARDY!!!!*****
1) transferring information from a journal entry to a ledger account 2) determining the amount of cash agrees with the accounting records