The work sheet columns that show the amounts that will be reported in the income statement
What is Income Statement columns
100
to enter an amount on the left side of an account
What is Debit
100
process in which accountants help managers develop a financial plan
What is Budgeting
100
Asset accounts normally have _______ balances
What is Debit
100
Why can't a blonde dial 911 on the phone?
What is "because she can't find the 11 on the keypad"
200
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
200
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
200
Any accounting period of 12 months’ duration
What is A Fiscal Year
200
The fifth pair of columns on the worksheet are the >>>>>
What is Balance sheet columns
200
What part of a turkey has the most feathers?
What is "The Outside" DUH!!!
300
The amount an item can be sold for under normal economic conditions
What is Market Value
300
the total dollar amounts on the debit and credit sides of an account
What is Footings
300
a separate record used to summarize changes in assets, liability, and owner’s equity of a business
What is account
300
______________ is written in the Item column of the General Ledger when posting them.
What is Adjusting" entries
300
Flag Day falls on this day every year
What is MS. MACKE'S BIRTHDAY (technically June 14th)..,LOVE IT!
400
A form used to pull together all of the information needed to enter adjusting entries and prepare the financial statements
What is worksheet
400
The difference between the asset account and its related accumulated depreciation account. The value reflected by the accounting records
What is Book value
400
Financial document that reports the profitability of business operations for a specific period of time
What is Income Statement
400
Name the first pair of columns on the worksheet
What are Trial Balance columns
400
You serve this, but you cannot eat it.
What is a TENNIS BALL.
500
A method of accounting under which revenues are recorded when earned and expenses are recorded when incurred
What is Accrual basis of accounting
500
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
500
designs the accounting information system and focuses on analyzing and interpreting information
What is an Accountant
500
Method of matching an assets original costs against the revenues it produces over it's useful life.