Show:
The Accounting Process
Types of Businesses
Accounting elements
Careers in Accounting
The accounting equation
100
Reporting
What is the telling of results . Commonly tables of numbers.
100
Quickbooks Consultant
What is a service type of business?
100
liabilities
What is a representation of something owed to another business?
100
accountant
What is an individual that designs accounting information systems and focus on analyzing and interpreting information?
100
liabilities
What is Assets= _________________ + Owner's equity?
200
classifying
What is sorting and grouping similar items together rather than merely keeping a simple diary-like record of numerous events?
200
MoneyGood Cellular
What is a type of merchandising business?
200
owner's equity
What is the amount by which the business assets exceed the business liabilities?
200
accounting clerks
What is an individual that records, sorts and files accounting information?
200
cash
What is an asset?
300
recording
What is entering financial information about events into the accounting system?
300
Physician
What is a service type of business?
300
account payable
What is an unwritten promise to pay a supplier for assets purchased or services received?
300
para-accountant
What is an individual that provides many accounting, auditing or tax services under the direct supervision of an accountant?
300
assets
What is _________________= Liabilities + Owner's equity?
400
analyzing
What is looking at events that have taken place and thinking about how they affect the business?
400
widget factory
What is a manufacturing type of business?
400
capital
What is another term for owner's equity?
400
auditor
What is an individual that is hired to assess the accuracy of the accounting information?
400
accounts payable
What is a liability?
500
summarizing
What is the aggregation of many similar events to provide information that is easy to understand?
500
CVS Pharmacy
What is a merchandising type of business?
500
assets
What are items that are owned by a business and will provide future benefits?
500
bookkeeper
What is an individual that supervises the work of accounting clerks, help with daily accounting work and summarizes accounting information?
500
drawing
What is owner's equity?