Accounting 1
This is the basic accounting equation.
Assets = Liabilities + Equity
This term describes the plan you create to manage your income and expenses.
budget
PYPL
PayPal
This social media platform is known for its 280-character limit per post.
Twitter (now X)
The symbol "O" stands for this element essential for respiration
Oxygen
This tech company was founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne.
Apple
This financial statement shows a company’s revenues and expenses over a specific period of time.
Income Statement
This type of debt occurs when you borrow money to buy a house.
mortgage
CPB (Soup)
Campbell Soup Company
This popular video conferencing platform saw a massive increase in usage during the COVID-19 pandemic.
Zoom
This symbol represents the element with atomic number 1
H Hydrogen
This online retailer started in 1994 as a bookstore and is now one of the largest companies in the world.
Amazon
This type of account represents what a business owes
Liabilities
This financial product allows you to make purchases now and pay for them later, often with interest.
credit card
CAT
Caterpillar
This type of authentication requires two forms of identification to access a system.
two-factor authentication
This symbol, "Mg," stands for a metal essential for muscle function.
Magnesium
This Swedish furniture retailer is known for its flat-pack furniture and meatballs.
IKEA
This term refers to the money that a business receives from its normal business activities
Revenue
This (begins with "W") term refers to the portion of your paycheck taken out for taxes and other deductions.
withholdings
KO (Beverage Company)
Coca-Cola
This programming language, named after a comedy group, is often the first language learned by beginners.
Python
The symbol "Li" stands for this light metal used in rechargeable batteries.
Lithium
The founder of Ford once famously said "You can have any color vehicle you want, as long as it is black"?
Henry Ford
This term refers to the allocation of the cost of a tangible asset over its useful life.
Depreciation
A persons _ is equal to their assets - liabilities
Net Worth
ADBE (computer software)
Adobe Inc
Connects devices for communication. Can also assign IP addresses to devices. You may have one at home.
Router
This symbol represents the element commonly found in table salt
Na
This company, founded in 1964 as Blue Ribbon Sports, is now a global sportswear giant.
Nike
The account is known as the death of an asset
Expense
This term refers to the total amount of money you earn before any deductions.
Gross Income
INTC (Computer Processors)
Intel Corporation
Name four common browsers
Chrome, Edge, Safari, Opera, Firefox, Brave
NAME BOTH...Symbol for Gold and Silver
Au Ag
This company, founded by Sam Walton in 1962, is the world's largest retailer.
Walmart
This is the account type that represents the amount a company owes to its suppliers
Accounts Payable
The portion you have to pay to have your car repaired (if you have collision or comprehensive coverage)
Deductible
ADM
Archer-Daniels-Midland Company
This operating system developed by Google is based on the Linux kernel and is popular on mobile devices.
Android
The symbol "K" represents this alkali metal
Potassium
This American company, founded in 1902, is known for its wide range of consumer products, including Post-it notes.
3M
Name three temporary accounts. These are the ones that get closed with Income Summary
Revenues, Expenses, Drawing
What type of car insurance pays the medical bills and propery damage for others if you are at fault in an accident
Liability
GIS (Cereal)
General Mills
This type of memory is volatile and is used to store data temporarily while a computer is running.
RAM
The symbol "Pt" represents this precious metal used in jewelry and catalytic converters
Platinum
What country is Samsung based out of?
South Korea
Accounting is known as the language of _
Business
This type of bank account earns more interest than a savings account, but your money is locked in for a certain amount of time.
CD (Certificate of Deposit)
LOW (Hardware store)
Lowes
This technology, commonly used for wireless payment systems, allows devices to communicate when they are close together.
NFC (Near Field Communication)
The symbol "U" represents this element used as fuel in nuclear reactors.
Uranium
This American energy company was involved in a major accounting scandal in 2001
Enron
This financial statement provides a snapshot of a company’s financial position at a specific point in time
Balance Sheet
Name two of the three credit reporting agencies
TransUnion, Experian, Equifax
ROST (Discount clothing retailer, but they do sell general merchandise as well)
Ross
This type of storage device uses flash memory and is faster than a traditional hard drive.
SSD
The symbol "Nd" stands for this rare earth metal used in powerful magnets.
Neodymium
This multinational conglomerate is known for its credit cards, and was originally a delivery company founded in 1850.
American Express
This American pharmaceutical company developed the first successful polio vaccine.
Pfizer
This Silicon Valley company is known for its business networking platform, acquired by Microsoft in 2016.