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Terms & 1 chap. question
Just Terms
More Terms & 1 that should have been a term.
Even More Terms & Chap. 5 question
Potpourri & 1 term
100
Cash & assets that will be converted into cash or consumed within 1 year or the normal operating cycle of the business.
What is Current Assets
100
A 12 month period for which financial reports are prepared.
What is a Fiscal Year.
100
The period of time required to purchase supplies and convert them back into cash.
What is Operating Cycle.
100
10
What is the number of columns on the worksheet
100
200 (increment of time)
What is the number of hours you must put in at your Extern site.
200
A depreciation method in which the depreciable cost is divided by the estimated useful life.
What is Straight-line Method.
200
These are due within either 1 year or the normal operating cycle of the business and are to be paid out of current assets.
What is Current Liabilities
200
Items/things of a durable nature that will be used for operations over several years
What are plant assets
200
A principal that requires assets to be recorded at their actual cost.
What is Historical Cost Principle.
200
Loretta, Michael & Eric
What are the names of the Directors of Career Services, Financial Aide & Admissions here at UEI Stockton.
300
A method of accounting under which revenues are recorded when earned and expenses are recorded when incurred
What is accrual basis of accounting
300
Journal entries made at the end of an accounting period to reflect changes in account balances that are not the direct result of an exchange with an outside party
What is adjusting entries
300
The work sheet columns that show the amounts that will be reported in the income statement
What is Income Statement columns
300
A form used to pull together all of the information needed to enter adjusting entries and prepare the financial statements
What is the worksheet
300
April 20, 2014
What is Easter Sunday
400
A method of accounting under which revenues are recorded when cash is received and expenses are recorded when cash is paid
What is Cash basis of accounting
400
The work sheet columns that show the amounts that will be reported in the balance sheet and the statement of owner’s equity
What is Balance Sheet columns
400
Method of accounting that combines aspects of the cash and accrual methods. It uses the cash basis for recording revenues and most expenses. Exceptions are made when cash is paid for assets with useful lives greater than one accounting period
What is Modified Cash Basis
400
What you do with an adjusted entry
What is post to the General Journal.
400
Birdfeeder
What Kola got stuck in over the Christmas Break.
500
A list of numbers identifying the business accounts.
What is the Chart of Accounts
500
The third pair of amount columns on the work sheet. They are used to prove the equality of the debits and credits in the general ledger accounts after making all end-of-period adjustments
What is Adjusted Trial Balance columns
500
An account with a credit balance that is deducted from the related asset account on the balance sheet
What is a Contra-Asset
500
Revenues (minus) Expenses gives you this answer.
What is you Net Income.
500
226 (total number of something related to MOD 110)
What are the number of pages in the accounting text book.