Dividend Payout Ratio – The annual dividend amount divided by the annual net income.
T Account – An accounting device used to analyze transactions
Journal entry – Format used for recording transactions
Electronic Funds Transfer – A computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents.
Transactions – Are events that affect the operations or finances of an organisation
A business form ordering a bank to pay cash from a bank account – Check
Trial Balance – done first in the cycle of accounting
annual report – a report prepared by corporate management that presents financial information including financial statements, a management discussion and analysis section, notes, and an independent auditors' report
An expected value is the weighted average of the outcomes, with the probability of each outcome serving as the weight. – True
Expense – A decrease in owners equity resulting from the operation of the business
Cash receipts from interest on a note receivable would be classified on the statement of cash flows in the:
contra account – an account that reduces a related account on a financial statement. Ex Owner's Equity-Drawing
Sale on account – a sale for which cash will be received at a later date
Cashiers' Check. – A check drawn by the back on its own funds and signed by an officer of the bank.
other income – Revenue from sources other than the primary operating activity of a business (interest, rent, and gains resulting from the sale of fixed assets)
Accounting equation – also called the balance sheet equation, represents the relationship between the assets, liabilities, and owner's equity of a …
Cаsh receipts frоm interest оn а nоte receivаble would be classified on the statement of cash flows in the:
accountant – księgowy szczebla menadzerskiego
trial balance – a list of all ledger accounts with their balances.
Claims for future collection from customers – Accounts receivable
Restrictive Endorsement – Endorsement which uses the phrase, "for deposit only"
statement of owner's equity – summary of changes in owner's equity during a specific period of time