A written statement listing the duties and responsibilities of a job.
What is a job description.
100
Payments for labor or services that are made on an hourly, daily, or per-unit basis.
What are wages.
100
Accounting records of the transactions you make are called this.
What is a journal.
100
This ledger keeps track of only money that is still owed to you by customers.
What is an accounts receivable ledger
100
The difference between assets and liabilities.
What is Owner's Equity.
200
To look for people to hire.
What is to recruit.
200
A financial reward in addition to a regular wage or salary.
What is a bonus.
200
A business activity that changes assets, liabilities, or net worth.
What is a transaction.
200
A ledger that keeps track of only the money you owe to suppliers that you have purchased merchandise from on account.
What is an accounts payable ledger.
200
The accounting equation.
What is: Assets = Liabilities + Owner's Equity
300
Classified Advertising, Employment agencies, college placement centers, and referrals from friends, acquaintances, or employees are all ways to do this.
What are ways to recruit employees.
300
A percentage of a sale paid to a salesperson.
What is a commission.
300
copying the information from a journal entry into a leger account is called this.
What is posting.
300
A record-keeping tool for tracking accounts receivable, that shows how long it takes customers to pay their bills.
What is an aging table.
300
The cost of inventory a business sells during a particular period is called this.
What is cost of goods sold.
400
A plan that shows how the various jobs in a company relate to one another.
What is an organizational structure.
400
Employment rewards for service in addition to salary.
What are benefits.
400
An accounting record that summarizes all information for a particular business item.
What is an account.
400
A book where you record the dates, amounts, and names of people or business to whom you have written checks to.
What is a check register.
400
An accounting report that describes the cash that flows in and out of a business.
What is a cash flow statement.
500
Students who will work for little or no pay in order to gain experience in a particular field.
What is an intern.
500
Paid vacation leave, sick leave, insurance, and pension plans are all this.
What is an employee benefit.
500
A ledger that is summarized in a single general ledger account.
What is a subsidiary ledger.
500
A list of people who receive a salary or wage payments from a business.
What is a payroll.
500
The difference between cash receipts and disbursements.