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Professional Development, Business
10th
grade
Accountancy Vocabulary
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23 questions
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- Multiple ChoicePlease save your changes before editing any questions.
A person whose job is to keep, inspect, and analyze financial accounts is an:
Artis
Accountant
Manager
- Multiple ChoicePlease save your changes before editing any questions.
A commercial business is also a:
Home
Company
- Multiple ChoicePlease save your changes before editing any questions.
Assets are the items your company owns and Liabilities are what you owe other companies.
True
False
- Multiple ChoicePlease save your changes before editing any questions.
The ______________ provides a static picture of
the financial position at a point in time.
Company
Balance Sheet
Accountant Sheet
- Multiple ChoicePlease save your changes before editing any questions.
a person or company to whom money is owing or payable is known as:
Loaner
Creditor
Owner
- Multiple ChoicePlease save your changes before editing any questions.
If you owe money to a bank or company you are a:
Debtor
Creditor
Loaner
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_______ is the money that comes in, ___________ the money that goes out.
Income - Expenses
Spense - Encome
Dolar - Peso
- Multiple ChoicePlease save your changes before editing any questions.
Equity or Capital is the money you invest in a business
True
False
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The money you get from working is called
Salary
Loan
Investment
- Multiple ChoicePlease save your changes before editing any questions.
A list of employees and their salaries is called
Pay phone
Pay sheet
Salary
- Multiple ChoicePlease save your changes before editing any questions.
The income statement provides an overview of the firm's performance and determines the company's earnings for a particular accounting period.
Yes, that is correct
No, that is incorrect
- Multiple ChoicePlease save your changes before editing any questions.
A Financial Statement is a...
Written records that show the financial performance of a company.
Written records that show the number of employees
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An _______ is a person authorized to review and verify the accuracy of financial records.
Manager
Debtor
Auditor
- Multiple ChoicePlease save your changes before editing any questions.
A person or organization that provides something needed such as a product or service is a
Supplier
Creditor
Adjuster
- Multiple ChoicePlease save your changes before editing any questions.
When making a balance you can use a:
Pay sheet
Pay roll
T accounts
- Multiple ChoicePlease save your changes before editing any questions.
The total wealth of an individual, company, or household is NET WORTH
True
False
- Multiple ChoicePlease save your changes before editing any questions.
Since Kevin had an accident while working, the company had to pay him a compensation. Compensation means:
Giving someone money
Giving someone a job
Giving someone a vacation
- Multiple ChoicePlease save your changes before editing any questions.
An account or record book used to sort, store and summarize a company's transactions.
Daily and General ledger
Expenses Book
Pay sheet
- Multiple ChoicePlease save your changes before editing any questions.
The extra money you get from your employer is called
Bonus
Salary
Dissmisal
- Multiple ChoicePlease save your changes before editing any questions.
Transportation assistance is when your company pays for your transportation to and from work
Yes, that's correct
No, that's not correct
- Multiple ChoicePlease save your changes before editing any questions.
Going on a holiday also means VACATION
Yes
No
- Multiple ChoicePlease save your changes before editing any questions.
Bancolombia is an example of a
Bank
Hospital
School
- Multiple ChoicePlease save your changes before editing any questions.
What's Cash?
Bills or coins that can be used to exchange goods
Credit or debit cards