Business flash cards
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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| Check NOT yet paid by the bank | Outstanding Check
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| A financial statement showing the revenue expenses, and profit/loss for a business | Statement of Income
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| A bill for shipment of merchandise prepared by a common carrier, such as a trucking company | Freight Bill
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| A form listing goods received for shipment by a trucking company promising delivery | Bill of Lading
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| The method of payment agreed upon between the buyer and seller | Terms
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| A formal periodic check of records | Audit
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| A bill for services | Service Invoice
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| A form of billing a customer for merchandise purchased | Item Invoice
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| A form used to order merchandise | Purchase Order
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| A business for listing gross pay, deductions, and net pay for each employee in a business | Payroll Register
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| The amount a person receives before taxes and other deductions are withheld from the paycheck | Gross Pay
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| The amount a person receives after taxes and other deductions are withheld from the pay check | Net Pay
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| The part of a business letter that contains a formal greeting | Salutation
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| Includes the words "for deposit only" in addition to the signature on the back of a check | Restrictive Endorsement
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| The business or person who owns a checking account | Drawer
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| The bank on which a check is drawn | Drawee
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| The part of a business letter that contains a formal closing | Complimentary Close
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| A bookkeeping record used to record all receipts and payment of company money | Cash Book
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| A form on which a depositer keeps a recorder of deposits and checks | Check Register
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| Form completed by a business when paying taxes to the IRS | Federal Tax Credit Card
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| Law requiring employees to pay social security and Medicare Tax | FICA
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| Form completed by an employee that helps the employer determine income tax withheld | W4
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| Allowance claimed by an employee for self or for a dependent that determines income tax withheld | Exemption
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| Report showing the condition of the bank account | Bank Statement
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| Statement showing how the checkbook balance and the bank balance were brought into agreement | Bank Reconciliation
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| Checks paid by the bank | Canceled Check
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Created by:
Nakeshia Lettles
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