MOD 96-WEEK 4
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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| Accounting Equation | Assets=Liabilities + Proprietorship
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| Accounts Receivable Trial Balance | Method of determining that the journal and the ledger are in balance
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| Accrual Basis of Accounting | Income recorded when earned, and expenses are recorded when incurred
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| Blanace Sheet | A finacial statement for a specific date that shows total assets, liabilities and business capital
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| Bank Reconciliation | The process of proving the bank statement and checkbook balance agree
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| Cash Basis Accounting | System where income is recorded when received and expenses are recorded when paid
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| Endorser | The person who signs their name on the back of a check to transfer title
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| General Journal | The book in which alll trasaction are first recorded: the book of original entry
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| Maker | A legal party who signs a negotiable instrument
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| Negotiable | Legally transferable to another party
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| Payee | The person named on a check as the recipient of the funds
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| Payor | The person who writes the check to another
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| Petty Cash Fund | Fund maintained to pay small unpredictable cash expenditure
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| Posting | Act of transferring information from one record to another
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| Power of Attorney | Legal paper authorizing a person to act as another's agent
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| Statement | Request for payment
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| Statement of Income and Expenses | Summary of all income and expenses for a given period
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| Teller | A bank employee who waits on customers
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| Third Party Check | A check written to the order of the person offering payment and unknown to the payee
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| Cardizem | Calcum Channel Blocker: Generic-Diltiazem hydrochloride: Used to treat angina and related chest conditions
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| Nolvadex | Anti-cancer drug: Generic-Tamoxifen Citrate: To treat breast cancer in women and men
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| Ritalin | Stimulant: Generic-Methylphenidate: Used to treat ADHD and narcolepsy
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| Combivent | Bronchodilator: Used to treat(COPD)
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| Fosomax | Anti-Osteoporosis: Generic-Alendronate Sodium: To treat or prevent osteoporosis in post menapause
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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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