ACCOUNTING SEMESTER TEST SPRING

Revenue is recorded at the time goods or services are sold.

• Cost of Revenue
• Real Revenue
• Realization of Revenue
• Revenue Cost Merchandise

any activity that contradicts moral values and principles that determines our conduct in the business world.

• Ethical Business Practice
• Unethical Business Practice
• Morals
• Ethics

freedom from unauthorized intrusion

• Honesty
• Ethics
• Trustworthy
• Privacy

moral values and principles that determine our conduct in the business world

• Ethical Business Practice
• Unethical Business Practice
• Morals
• Ethics

Provides health insurance benefits for the elderly

• Social Security Tax
• Local State Tax
• Medicare Tax
• Health Tax

a person who plans, summarizes, analyzes, and interprets accounting information.

• General office clerk
• bookkeeper
• certified public accountant
• accountant

planning, recording, analyzing, and interpreting financial information.

• accountant
• accounting
• certified public accountant
• accounting concepts

those who pass an exam and meet work-experience requirements are given the title of a:

• General office clerk
• bookkeeper
• certified public accountant (CPA)
• accountant

changes in financial information are reported for a specific period of time in the form of financial statements.

• Accounting
• Accounting period cycle
• Assets
• Account Cycle

Anything that is OWED

• Assets
• Liabilities
• owner's equity
• Accounting Equation