AR/AP
Comparing A/R and A/P, it is better to have a larger balance in this ledger.
What is A/R Ledger?
This online website from India is in direct competition with Amazon.
What is Flipkart?
An item that is prepaid.
What is Insurance, Rent?
Who is Cory?
The first Financial Statement we studied.
What is Balance Sheet?
A person responsible for entering in receipts.
What is an A/R Clerk?
What is 8000?
The time period when "supplies" is usually adjusted.
What is "end of the month"?
Who is Jan Neels?
The only Financial Statement that covers a "period of time".
What is an Income Statement?
Most often used credit terms.
What is net 30?
The company that Miranda presented on.
What is Johnson & Johnson?
The account debited when adjustment is made for Supplies used that month.
What is Supplies Expense?
The post secondary institution that Mrs. R attended after Grade 12.
What is BCIT?
The 3 questions posed in the title of any financial statement.
What is Who, What, When?
A group of accounts of one type.
What is subsidiary ledger?
Besides Australia & New Zealand, the third country that General Motors shut down manufacturing plants.
What is Thailand?
The account debited when adjustment is made for truck depreciation.
The student most likely to use their accounting knowledge in their current part time job.
Who is Miranda?
Statement that records both the increases and decreases to owner's capital account.
What is "Statement of Owner's Equity"?
One of the receivable accounts used in the Ethan's Electrical example.
Who is Harvey Builders, Devan Greenhouses or Fraser Contracting?
First name of the pilot who reported the failures of the Boeing 737 Max.
Who is Mark?
The type of account that "accumulated depreciation - truck" is.
What is "contra account"?
What is Phoebe's Photo Studio, Muriel's Murals?
Not technically a financial statement, it is used to check the accuracy of the debits and credits.
What is Trial Balance?