Leaving Cert Accounting Ratios

The reconciling item in a bank reconciliation that will result in an adjusting entry by the depositor is
A. outstanding checks.
B. deposit in transit.
C. a bank error.
D. bank service charges. – D
previsiones para juicios y contingencias – allowances for litigation and contingencies
Trial balance – A proof of the equality of debits and credits in a general ledger
Sales Invoice – An invoice used as a source document for recording a sale on account
Treasury Stock – Is a corporation's own stock that has been issued but subsequently reacquire and is still being held by that corporation.
Slope is also known as – Variable cost
Revenues – Amounts earned from selling products
or services to customers.
Budget – The detailed statement outlining estimated project costs to support work under a grant or contract.
A "T account" . . . – represents a ledger account
Conversion costs:
a. include all the factors of production
b. include direct materials
c. in process costing are usually considered to be added evenly throughout the production process
d. Both b and c are correct. – c. in process costing are usually considered to be added evenly throughout the production process
In the process of scientific inquiry, a theory is best defined as ____________________.
I have been involved in strategic planning and the development of new products – Я была вовлечена в стратегическое планирование и развитие новых продуктов
Bank Overdraft – Allows individuals/business to overdraw an account in the excess of deposit they have.
In the prоcess оf scientific inquiry, а theоry is best defined аs ____________________.
Petty cash slip – a form showing proof of a petty cash payment
Step 1 of handling a transaction – Analyze each transaction and event from source documents

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