Arkansas Accounting II - Unit 2 vocabulary
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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| Accumulated earnings | show 🗑
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| show | reduces the amount of income tax to be witheld
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| show | the merchandise a business has on hand at the beginning of a fiscal period
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| show | a special journal used to record only cash payment transactions
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| cash receipts | show 🗑
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| show | an amount paid to an employee based on a percentage of the employee's sales
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| cost of merchandise | show 🗑
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| deduction | show 🗑
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| direct deposit | show 🗑
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| EFT | show 🗑
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| employee earnings record | show 🗑
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| ending inventory | show 🗑
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| show | financial rights to the assets of a business
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| expense | show 🗑
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| show | the total pay due for a pay period before deductions
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| gross profit on sales | show 🗑
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| income statement | show 🗑
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| show | the difference between total revenue and total expenses when total revenue is greater
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| show | the difference between total revenue and total expenses when total expenses are greater
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| net pay | show 🗑
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| net purchases | show 🗑
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| net sales | show 🗑
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| operating expenses | show 🗑
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| operating income | show 🗑
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| overtime rate | show 🗑
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| show | the period covered by a salary payment
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| show | the total amount earned by all employees for a pay period
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| show | a business form used to record payroll information
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| show | taxes based on the payroll of a business
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| post-closing trial balance | show 🗑
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| show | a special journal used to record only purchases of merchandise on account
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| revenue | show 🗑
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| show | the money paid for employee services
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| sales journal | show 🗑
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| source document | show 🗑
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| show | a statement that reports the changes that have taken place in the retained earnings account during the fiscal period, prepared as a supporting document for the balance sheet
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| tax base | show 🗑
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| show | an amount of money paid to an employee at a specified rate per hour worked
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| withholding allowance | show 🗑
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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.
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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Created by:
patflanigan
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