WorksheetsACCOUNTING VOCABULARY
Total questions: 8
Worksheet time: 5mins
what is the name of this equation?
Assets+Liabilities= owner`s equity
what is expenses?
(a)
amount of money collected
accountancy
expenses
final statement
revenue
bookkeeping:
is more difficult,
which consists of analyzing and interpreting the financial and economic data recorded in books by of the accountant, to later be able to expose a balance sheet, value assets, make a
certification, etc. through the application of accounting principles and standards
transcribing in the form of
records the daily operations of a company (sales that are reflected in invoices issued,
purchases that are reflected in cash outflows and in the existence of invoices that justify
those purchases)
when all the accounts in the Ledger have been ruled and balanced, only one step remains in the accounting cycle: all of the debit balances must be added, all of the credit balances must be added, and the two totals must be compared to test their equality. This procedure is known as taking a Post-Closing Trial Balance.
daily journal
crosssfoot:
tilde/tildar
procedure in which additions are made vertically as well as horizontally to assure the mathematical accuracy of totals.
way in which the financial statements are turned over to the financial statements
capital
disclosure:
the key of the finantial statements
is the journal of the accountant
way in which the financial statements are turned over to the financial statements
accounting equation
the result is the owner`s equity:
(a)
Is the practice of collecting detailed records on a companies business activities and presenting them in a clear form to the management
Accurancy
tax
accounting
accounts
