Term
| A local accounting firm wrote in a recommendation for Mary that she possesses a great deal of integrity and has excellent basic skills in literacy and computation. |
|
Definition
|
|
Term
| The transaction, RECEIVED CHECK FROM FRANK HARPER, OWNER, AS AN INVESTMENT |
|
Definition
| Debit Cash and credit Frank Harper, Capital |
|
|
Term
| John has applied for a position as Chief Financial Officer for a Fortune 500 company. He listed as his qualifications that he is a problem-solver and has the ability to plan and resolve issues. |
|
Definition
|
|
Term
| Sharon takes responsibility and initiative for her own work at Accounting Temps. This is an example of which 21st Century Skill? |
|
Definition
|
|
Term
| RECEIVED A CHECK FOR $2500 FOR LEGAL FEES |
|
Definition
| Debit Cash and credit Legal Fees |
|
|
Term
| BOUGHT SUPPLIES ON ACCOUNT FROM DAVIS SUPPLY STORE |
|
Definition
| Debit Supplies and credit Accounts Payable/Davis Supply Store |
|
|
Term
|
Definition
| Debit Rent Expense and credit Cash |
|
|
Term
| Jason demonstrates accuracy and truthfulness when he works with his accounting clients |
|
Definition
|
|
Term
| BOUGHT SUPPLIES ON ACCOUNT FROM DIXON SUPPLY CO. |
|
Definition
|
|
Term
| RECEIVED CASH FROM OWNER AS AN INVESTMENT |
|
Definition
|
|
Term
| BILLED ANDERSON COMPANY FOR WORK COMPLETED |
|
Definition
|
|
Term
| Jamie is an accountant. She knows that she is expected to produce accurate financial reports from her audit. She knows when she submits her report to her superiors her friend will suffer consequences for misappropriation of funds. Jamie submits an accurate report and follows which key principle for ethics in accounting? |
|
Definition
|
|
Term
| SOLD SERVICES ON ACCOUNT TO BETH PARKER |
|
Definition
| Debit Accounts Receivable/Beth Parker and credit Sales |
|
|
Term
| PAID CASH FOR ELECTRIC BILL (UTILITIES EXPENSE) |
|
Definition
| Debit Utilities Expense and credit Cash |
|
|
Term
|
Definition
| Debit Prepaid Insurance and credit Cash |
|
|
