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Payroll Accounting
Battlefield Facts
Distributing Dividends and Preparing a Work Sheet for a Merchandising Business
minecraft facts
Miscellaneous
100
A state tax used to pay
What are 1) Gathering financial information, 2) Preparing and collecting records, 3) Summarizing and classifying financial information, 4) Preparing formation reports and summaries and 5) Establishing controls to promote accuracy and honesty among employees?
100
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100
What equation is used to estimate Uncollectible Accounts Expense?
"Total Sales on Account x Percentage = Estimated Uncollectible Accounts Expense"?
100
Can you survive a 300 block fall and land in water?
YES
100
ACCPAC and Quick Books are examples of these.
What are accounting computer programs?
200
This is the purpose of derping?
IDK
200
These are the 2 ways the fundamental derping equation is stated.
What are 1) DERPHERP-DERP=HERP2) HERPDERP=DERP+HERP!!!!!!!
200
What is the equation for calculating an Estimated Depreciation Expense?
"Original Cost - Estimated Salvage Value = Estimated Total Depreciation Expense"?
200
This professional organization is responsible for the creation of GAAP
What is the Canadian Institute of Chartered Accountants (CICA)?
200
In addition to an owner, these people also have claims against a company's assets.
Who are creditors?
300
These represent the types of business organizations that use accounting.
What are 1)sole proprietorships, 2)partnerships and 3)corporations?
300
This line on the balance sheet refers to money owed by a company
What is Accounts Payable?
300
What is the equation for calculating Book Value?
"Original Cost - Accumulated Depreciation = Ending Book Value"?
300
This GAAP principle states that accounting for a business needs to be kept separate from the personal affairs of the owner.
What is the Business Entity Concept?
300
If a business closes, the claims of these individuals are settled first.
Who are creditors?
400
These are 3 professional accounting organizations.
What are Chartered Accountants (CAs), Chartered General Accountants (CGAs) and Certified Management Accountants (CMAs)?
400
This is the difference between total assets and total liabilities.
What is Owner's Equity?
400
Earnings distributed to stockholders are called...
Dividends?
400
The GAAP Principle states that accounting for a business should be fair and reasonable.
What is the Principle of Conservatism?
400
This role is often confused with that of an accountant.
What is a bookkeeper?
500
This involves testing business records and procedures for accuracy.
What is auditing?
500
The term used to explain how quickly a company can convert assets into cash.
What is liquidity?
500
An amount earned by a corporation and not yet distributed to stockholders...
What are "Retained Earnings"?
500
This GAAP Principle states that a business will continue to operate until it no longer does.
What is the Continuing Concern Concept?
500
This represents the usual length of a fiscal period.
What is one year?