Chapter 4 & 5 Voc.
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Till | The cash drawer of a cash register.
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| Drawer | The person who presents the check.
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| Drawee | The bank that pays the money from the drawer's account.
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| Payee | The store (or individual) that receives the money.
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| Debit card | Comes in the form of an automatic teller machine (ATM) card that can be used like a credit card.
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| Opening cash fund | At the beginning of the work day, the cashier will start win amount of money in the cash register.
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| Buying change | Managing the flow of cash in your till.
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| Policies | General statements of intent about how to run your school store. For example "No food or drinks allowed."
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| Procedures | The processes or steps used for carrying out the policies.
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| CHAPTER 5 VOCAB-------------------------------- | -----------------------------------------------
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| Accounts Receivable | Money owed to a business by its customers.
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| Accounts Payable | Money owed to a vendor for merchandise, equipment, or other supplies.
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| Purchase Order | A written form authorizing vendors to ship products at a spcific price.
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| Cash receips | Any cash brought into the business is refferred.
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| Cash disbursements | Any cash paid out by the bussiness is referred.
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| Income Statement | Summarizes he business's income and expensives during a specifcated time period.
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| Operating Expenses | The costs incured from operating the business, such as slaries, rent, advertising, and utilites.
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| Balance Sheet | The summary of a business's assets and liabilites and indicates the financial conditon of that business.
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| Asset | Anything of value that the business owns.
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| Liability | The amount of money the business owns.
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| Sales tally | A calculation of the daily sales.
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| Sales Quota | Sales goal.
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| Auditing | The process that ensures the accuracy of a business's finaces.
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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