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Please help with these accounting questions! Please.?

Discuss anything to do with property law - buying, selling property

Please help with these accounting questions! Please.?

Postby dubh35 » Mon Mar 19, 2012 9:36 pm

1. The Net Income is entered in the:
2. A chart of an account is a:
3. A person who prepares and interprets financial reports is called:
4. A person who transforms ideas for products or services into a real-world business is:
5. A two-sided informal chart with the left side representing debit and right side representing credit is known as a:
6. Which one of the following taxes is contributed to equally by employer and employee?
7. Any value that a business owns is
8. Financial claim is
9. Property owned by a business is referred to as
10. A creditor's financial claim is
11. A business transaction is
12. Accounts Receivable refers to the
13. Identify a choice that represents revenue:
14. Identify a permanent account:
15. Identify a temporary account:
16. Cash in the bank belongs to the following type of account:
17. The accounting system that reveals the financial position of a business is:
18. The main objective of any business is:
19. Maintaining a systematic accounting system and recording all financial transactions helps determine:
20. Which accounting system involves recording, classifying, summarizing, communicating, interpreting, and reporting financial information to interested parties?
21. The process of recording and maintaining day-to-day business transactions is called:
22. Which accounts of a business can outsiders view?
23. Which accounting system provides information to help management make decisions?
24. Which accounting system helps ascertain, analyze, and control cost?
25. In which type of accounting system are records prepared and maintained using a computer?
26. If you wanted to be an accountant, what type of basic knowledge would you need?
27. Who verifies the accuracy of an organization's records and checks for mismanagement, waste, or fraud?
28. The excess of revenue over expenditure is called:
29. A person who undertakes and operates a new enterprise or venture and assumes some accountability for the inherent risks is called a/an:
30. A business which converts raw material into finished goods is called a:
31. The buying and selling business activity is called:
32. Return on sales is:
33. A multicolumn accounting paper printed with space for column headings is a:
34. A trial balance is a:
35. Voiding a check entails:
36. The total amount of money an employee earns in a pay period is:
37. A card which records an employee's arrival and departure time each day is called a:
38. Medicare tax finances health insurance benefits for:
39. The amount withheld from salary but not paid is:
40. The taxes and employee wages paid by an employer are:
41. A list which contains the list of employees and the payments due to each employee is called the:
42. A fixed amount of money paid to an employee for each period is an/an:
43. The wages paid to an employee based on the number of units produced is called:
44. The 401 (k) plan is a:
45. State unemployment taxes are usually paid:
46. Social security tax is calculated on:
47. The Federal Income tax is determined by a:
48. Overtime pay is payable when employees work more than ----- hours per week.
49. The overtime rate is ----- time(s) the employee's regular hourly pay rate.
50. Which one of the following tax does an employer only pay?
dubh35
 
Posts: 29
Joined: Thu Mar 31, 2011 7:25 pm
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