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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cash payments journal | show 🗑
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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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show | the price a business pays for goods it purchases to sell
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show | an amount that is subtracted from the employee's gross earnings
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show | the depositing of an employees's net pay directly into his/her personal bank account; usually made through electronic funds tansfer
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EFT | show 🗑
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employee earnings record | show 🗑
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show | the merchandise a business has on hand at the end of a fiscal period
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show | financial rights to the assets of a business
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expense | show 🗑
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gross earnings | show 🗑
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gross profit on sales | show 🗑
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income statement | show 🗑
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net income | show 🗑
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show | the difference between total revenue and total expenses when total expenses are greater
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show | the total earnings paid to an employee after payroll taxes and other deductions
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show | total purchases less purchases discount and purchases returns and allowances
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show | total sales less sales discount and sales returns and allowances
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operating expenses | show 🗑
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show | taxable income of a corporation
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overtime rate | show 🗑
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show | the period covered by a salary payment
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payroll | show 🗑
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payroll register | show 🗑
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payroll taxes | show 🗑
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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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salary | show 🗑
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sales journal | show 🗑
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source document | show 🗑
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statement of retained earnings | show 🗑
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show | the maximum amount of earnings on which a tax is calculated
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show | an amount of money paid to an employee at a specified rate per hour worked
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show | a deduction from total earnings for each person legally supported by a taxpaper, including the employee
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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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