WorksheetsAccounting Terminologies
Total questions: 13
Worksheet time: 10mins
1. Cash and inventory are an example of what type of accounts? Choose from the 3 major categories
(a)
2. It is one of the financial statements where you can find retained earnings and liabilities
(a)
A bookkeeping worksheet in which the balance of all ledgers are compiled into debit and credit account column totals that are equal.
(a)
Also means "the left side" of the entry
(a)
It can be defined as the amount of expenditure made in order to secure some goods or services.
(a)
It contains the data/figures significant to a single business transactions including the date, account titles, and description.
(a)
the money spent, or costs incurred by a business their effort to generate revenues
(a)
the time frame for which a business prepares its financial statements and reports its financial performance. This is called as accounting (a) .
This is an accounting term stating that a business is expected to operate for the forseeable future.
(a)
this is known as financial obligation that will result on future outlay on economic resource.
(a)
are tangible resources that an organization uses for carrying out daily operations of a business, such as land, plant and equipment, furniture and fixtures, buildings, machinery, etc., which are not purchased to be sold in the short term. ( Answer must be in plural form)
(a)
the owner’s stake in a business
(a)
is the goods owned by a business that are ready or being made ready for sale.
(a)
