Accountingcentury 21

Audit – an inspection of the accounting procedures and records by a trained accountant or CPA
term bonds – mature on a single date
NonCurrent Assets – (long-term) assets (building, land, equipment)
Entry – Information for each transaction receded in a journal
to conduct – to carry out a particular activity or process,especially in order to get information or prove facts.
A journal designed for entering only purchases of merchandise on account is called a/an: – Purchases Journal
Which of the following types effects would NOT be possible when a company records a transaction?
a. increase in an asset and increase in an expense
b. increase in one asset and decrease in another asset
c. increase in an asset and increase in a liability
d. decrease in an asset and increase in an expense
e. Increase in a liability and increase in an expense – a. increase in an asset and increase in an expense
DIRECT MATERIALS PRICE VARIANCE – AQ X (SP-AP)
Balance Sheet Equation – Assets = Liabilities + Equity
SECTION 4: “Ser” vs. “estar”–question 6 Reminder about instructions: First, decide whether “ser” or “estar” should be used in each sentence. Then,  complete the sentence by providing the appropriate conjugated present-tense form of either “ser” or “estar”. [l1] la una menos quince de la tarde. (Accented vowels and special letter, in case you need them:  á     é     í     ó     ú   ñ)
Income – what a person earns eg wages, salary, interest
The Realization of Revenue accounting concept is applied when a sale is recorded at the time the sale is made. – True
Накопленные доходы – Accrued income
cost effectiveness – requires that the benefits of accounting for and reporting information outweighs the cost
depletion – deprecation of natural resources
Financial statements – Financial reports that summarize the financial condition and operations of a business are called financial statements
SECTION 4: “Ser” vs. “estаr”–questiоn 6 Reminder аbоut instructiоns: First, decide whether “ser” or “estаr” should be used in each sentence. Then,  complete the sentence by providing the appropriate conjugated present-tense form of either “ser” or “estar”. [l1] la una menos quince de la tarde. (Accented vowels and special letter, in case you need them:  á     é     í     ó     ú   ñ)
what makes up equity accounts – common stock and dividends

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply