Term
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Definition
| 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. This is classified as which skill |
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Definition
| Mary has applied for a position as an accounting clerk for a local company. She listed as her qualifications that she is a problem-solver and needs little direction to complete assigned tasks. This is classified as which skill |
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Definition
| Lisa is applying for a position in a small insurance agency. The company is looking to hire an individual that can convert their manual accounting system to a computerized system. She listed on her application that she has an accounting degree as well as an emphasis in computerized systems |
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Definition
| Sharon takes responsibility and initiative for her own work at Accounting Temps |
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Definition
| Brian is an accountant in a local firm. He submits an accounting report to his manager that suggests an action that will ultimately benefit him monetarily. |
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Definition
| Jason demonstrates accuracy and truthfulness when he works with his accounting clients |
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Term
| Debit Cash and credit Accounts Receivable/Parker, INC. |
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Definition
| RECEIVED CHECK FROM PARKER, INC., IN PAYMENT ON ITS ACCOUNT |
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Term
| Debit Cash and credit Frank Harper, Capital |
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Definition
| RECEIVED CHECK FROM FRANK HARPER, OWNER, AS AN INVESTMENT |
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Term
| Debit Cash and credit Legal Fees |
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Definition
| RECEIVED A CHECK FOR $2500 FOR LEGAL FEES, |
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Term
| Debit Supplies and credit Accounts Payable/Davis Supply Store |
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Definition
| BOUGHT SUPPLIES ON ACCOUNT FROM DAVIS SUPPLY STORE |
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Term
| Debit Prepaid Insurance and credit Cash |
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Definition
| BOUGHT SUPPLIES ON ACCOUNT FROM DAVIS SUPPLY STORE |
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Term
| Debit Prepaid Insurance and credit Cash |
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Definition
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Term
| Debit Rent Expense and credit Cash |
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Definition
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Term
| Debit Utilities Expense and credit Cash |
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Definition
| PAID CASH FOR ELECTRIC BILL (UTILITIES EXPENSE) |
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Term
| Debit Accounts Receivable/Beth Parker and credit Sales |
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Definition
| SOLD SERVICES ON ACCOUNT TO BETH PARKER |
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Term
| Debit Miscellaneous Expense and credit Cash |
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Definition
| PAID CASH FOR MISCELLANEOUS EXPENSE |
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Term
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Definition
| RECEIVED CASH FROM OWNER AS AN INVESTMENT |
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Definition
| BOUGHT SUPPLIES ON ACCOUNT FROM DIXON SUPPLY CO |
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Term
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Definition
| BILLED ANDERSON COMPANY FOR WORK COMPLETED |
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Term
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Definition
| 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 |
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