C4 Classify Accounts

The worksheet is a type of – C. Working paper
Preparing for a cash surplus – …
For a manufacturing company, direct material costs may be included in:
a. direct materials inventory only
b. merchandise inventory only
c. both work-in-process inventory and finished goods inventory
d. direct materials inventory, work-in-process inventory, and finished goods inventory accounts – d. direct materials inventory, work-in-process inventory, and finished goods inventory accounts
Closing entries – entries made at the end of each reporting period to transfer the balances of the temporary owner's equity accounts to the permanent owner's equity account and to reduce the balance in the temporary owner's equity accounts to zero in preparation for the next accounting period.
PE ratio – share price/earnings per share
revenues – Einnahmen, Erlöse, Einkünfte
deposits in transit – bank has not yet recorded company's deposit on books
Expanded accounting equation – Assets= Liabilities + owner's capital + Revenues – owner's drawings – expenses
Liquidity Ratios – Measure the ability of a company to pay obligations expected to become due within next year or operating cycle
A type of epithelial tissue containing cells that can change shapes as the tissue stretches is called
Executive committee – The executive committee is made up of all the department heads of a hotel. This group comes together for meetings to make decisions and ensure all information is relayed correctly.
Owners' equity – Balance Sheet – Capital stock, additional paid in capital, retained earnings.
A type оf epitheliаl tissue cоntаining cells thаt can change shapes as the tissue stretches is called
How to calculate interest expense in bond amortization schedule – carrying value times market rate
operating expenses – total expenses directly related to operations
cash short – A petty cash on hand amount that is less than a recorded amount
Cash Sale – A sale in which cash is received for the total amount of the sale at the time of the transaction.

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply