WorksheetsHCMA 115 Week 4 Terminology
Total questions: 30
Worksheet time: 8hrs 30mins
Accounting Equation
Proving the bank statement and checkbook balance agree
Assets = Liabilities + Proprietorship
The person who writes the check to another
Accounts Receivable Trial Balance
Determining the journal and the ledger are in balance
A legal party who signs a negotiable instrument
Request for payment
Accrual Basis of Accounting
Summary of all income and expenses for a given period.
Fund maintained to pay small unpredictable cash expenditure
Income recorded when earned, and expenses are recorded when incurred
Balance Sheet
A financial statement for a specific date that shows total assets, liabilities and business capital
Asset is able to be transferred legally from one owner to another
State; condition
Bank Reconciliation
Legal paper authorizing a person to act as another's agent
Occurrence of a financial event or condition to be recorded
Proving the bank statement and checkbook balance agree
Cash Basis Accounting
Fund maintained to pay small unpredictable cash expenditure
System where income is recorded when received and expenses are recorded when paid
Determining the journal and the ledger are in balance
Endorser
The person who writes the check to another
The person who signs their name on the back of a check to transfer title
A bank employee who waits on customers
General Journal
Summary of all income and expenses for a given period.
Occurrence of a financial event or condition to be recorded
The book in which all transactions are first recorded
Maker
A legal party who signs a negotiable instrument
Genetic inheritance
Assets = Liabilities + Proprietorship
Negotiable
System where income is recorded when received and expenses are recorded when paid
Occurrence of a financial event or condition to be recorded
Asset is able to be transferred legally from one owner to another
Payee
The person who writes the check to another
A bank employee who waits on customers
The person named on a check as the recipient of the funds
Payor
Gene
The person named on a check as the recipient of the funds
The person who writes the check to another
Petty Cash Fund
System where income is recorded when received and expenses are recorded when paid
Fund maintained to pay small unpredictable cash expenditure
A financial statement for a specific date that shows total assets, liabilities and business capital
Posting
Act of transferring information from one record to another
A financial statement for a specific date that shows total assets, liabilities and business capital
Fund maintained to pay small unpredictable cash expenditure
Power of Attorney
A legal party who signs a negotiable instrument
Legal paper authorizing a person to act as another's agent
A check written to the order of the person offering payment and unknown to the paye
Statement
Request for payment
Income recorded when earned, and expenses are
recorded when incurred
Occurrence of a financial event or condition to be recorded
Statement of Income and Expenses
Proving the bank statement and checkbook balance agree
Genetic inheritance
Summary of all income and expenses for a given period.
Teller
A legal party who signs a negotiable instrument
A bank employee who waits on customers
The person who writes the check to another
Third Party Check
A check written to the order of the person offering payment and unknown to the payee
Legal paper authorizing a person to act as another's agent
A legal party who signs a negotiable instrument
Transaction
Assets = Liabilities + Proprietorship
State; condition
Occurrence of a financial event or condition to be recorded
Onc/o
Gene
Genetic inheritance
Tumor mass
-gene
Genetic inheritance
Gene
State; condition
Hered/o
Tumor mass
Genetic inheritance
State; condition
-ity
After; change
Pertaining to a condition
State; condition
En-
After; change
Capsule
In, within
Capsul/o
Capsule
Pertaining to
Gene
-ated
In, within
Pertaining to a condition
Tumor mass
Meta-
After; change
Genetic inheritance
Standing still
Stat/o
Standing still
In, within
State; condition
-ic
Pertaining to a condition
Pertaining to
Tumor mass
