NALS CH.5_500801
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
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| Accounting Equation | equations used in law office to bill clients.
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| Balance | the amount of money you have in an account.
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| Bank Draft | a check issued by a bank on its funds in another bank.
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| Blank Endorsement | Consisting of only the endorser's signature.
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| Block Billing | refers to the practice of grouping all time spent on a project during the course of the day.
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| Cashier's Check | a check drawn by a bank on its own funds.
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| Certified Check | A check issued by a bank that reduces the drawers account by the amount of the check.
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| Circular E- The Employer's Tax Guide |
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| Credit | Borrowed money.
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| Debit | Money taken from your account
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| Drawee | The person to whom a check is written
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| Drawer | The person by whom a check is written.
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| Employer Identification Number | The number by which an employer registers you with the government or internal revenue service.
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| Fair Labor Standards Act | federal law that regulates employees and employers.
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| For Deposit Only | prevents a check.
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| Matters | classification of what someone is getting billed for.
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| Money Order | a form of payment.
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| Payee | the person to whom an amount is owed or paid.
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| Payroll Records | keeps a record of what you make.
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| Payroll Register | a register of your employees and the amounts they make.
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| Principal | the amount a borrower promises to pay that is written on a face of a note.
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| Pro Bono | free of charge.
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| Reconciliation | Reconciling your check book.
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| Retainer | advanced payment to an attorney made to cover costs.
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| Withholding Taxes | the amount money the government requires to be withheld from your paycheck.
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| Written Down | info written down.
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500801
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