Show:
The Knights Who Say "Ni!"
I'm a Lumberjack
Surprise Me, Trebek!
Sean Connery
Microwaveable Dinners
100
The amount of money owed, or payable, to the creditors of a business
What is Accounts Payable?
100
The original amount of a note
What is the Principal Amount?
100
An amount paid for the use of money for a period of time
What is interest?
100
The date a note is due
What is the maturity date of a note?
100
An increase in owner's equity that results from the operation of a business
What is Revenue?
200
all costs incurred by a business to operate, maintain, repair, replace, or construct
What are historical costs?
200
Expenses incurred in one fiscal period but not paid until a later fiscal period
What are accrued expenses?
200
The original cost of a plant asset minus accumulated depreciation
What is the book value of a plant asset?
200
A merchandise inventory system determined by keeping a continuous record of increases, decreases, and balance on hand
What is Perpetual Inventory?
200
The value of an asset determined by tax authorities for the purpose of calculating taxes
What is assessed value?
300
A systematic procedure for allocating the cost of a plant asset to the accounting periods in which the firm receives service from that asset
What is depreciation?
300
Canceling the balance of a customer account because the customer does not pay
What is "Writing Off an Account?"
300
A title given to stock when only one class is issued by a corporation
What is Common Stock?
300
A business paper from which information is obtained for a journal entry
What is a Source Document?
300
A form used during a periodic inventory to record information about each item of merchandise on hand
What is the inventory record?
400
A note that is not paid when due
What is a "dishonored note?"
400
An item that is entered on the asset side of an accounting ledger even though the item has a credit or (negative) balance
What is a contra asset?
400
The accumulated profits of a company
What are retained earnings?
400
The taxable income of a corporation
What is Operating Income?
400
A business activity that changes assets, liabilities, or owner's equity
What is a Transaction?
500
The estimated price at which an asset or service would pass from a willing seller to a willing buyer
What is fair market value?
500
A group of individuals, elected by stockholders, who govern and are responsible for the affairs of the corporation
What is the Board of Directors?
500
To write off a portion of a bond discount or premium over the life of the bond issue
What is Amortization?
500
A columnar accounting form used to summarize the general ledger information needed to prepare financial statements
What is a Worksheet?
500
A journal amount column headed with an account title
What is a Special Amount Column?