Accounting 202 Chapter 10

Special Amount Column – a column in the journal used to record specific information
Trend Analysis – Compares a single observation over several years
cost accounting – odliczanie kosztów
cash – money or any instrument that banks will accept
Chargeback's – • If card declines, never use again on same contract
• Loop hole customer can win and risk chargeback
• Chargebacks hit your bad debt
• A chargeback is when a customer disputes a charge made by us on their credit card sale
• You can prevent this at your branch by completing the contract correctly and obtaining all the applicable signatures
credit card – a card entitling its holder to buy goods and services based on the holder's promise to pay for these goods and services
Current Ratio – (Current Assets / Current Liabilities)
income statement of reports – revenues & expenses for time period based on matching concept
Internal Controls – Policies that allow managers to control and monitor business activities such as company policies, accounting procedures, and physical safeguards to protect assets.
fiscal year – a year in the life of a business, may or may not coincide with the calendar year
The first foreshadowing about the threatening nature of the men who arrive on the scene is 
Shareholders – Owners of a corporation; also called stockholders.
Monetary Measurement – All transactions, assets liabilities, incomes, expenses, and equity are recorded and reported in New Zealand dollars.
Business entity – an organization operated to earn a profit
The first fоreshаdоwing аbоut the threаtening nature of the men who arrive on the scene is 
IFRS – International Financial Reporting Standards – require global standards
Term describing the handing in of petty cash vouchers for cash – Replenish

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