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Definition
| A local accounting firm wrote in a recommendation for Mary that she possesses a great deal of integrity and has excellent basic skills in literacy and computation. This is classified as which skill? |
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Definition
| Mary has applied for a position as an accounting clerk for a local company. She listed as her qualifications that she is a problem-solver and needs little direction to complete assigned tasks. This is classified as which skill? |
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Definition
| Lisa is applying for a position in a small insurance agency. The company is looking to hire an individual that can convert their manual accounting system to a computerized system. She listed on her application that she has an accounting degree as well as an emphasis in computerized systems. This is classified as which skill? |
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| John has applied for a position as Chief Financial Officer for a Fortune 500 company. He listed as his qualifications that he is a problem-solver and has the ability to plan and resolve issues. This is classified as which skill? |
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Definition
| Sharon takes responsibility and initiative for her own work at Accounting Temps. This is an example of which 21st Century Skill? |
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Definition
| Brian is an accountant in a local firm. He submits an accounting report to his manager that suggests an action that will ultimately benefit him monetarily. This example is a violation of which key principle for ethics in accounting? |
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Definition
| Jason demonstrates accuracy and truthfulness when he works with his accounting clients. This is an example of which key principle for ethics in accounting |
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Term
| Debit Cash and credit Accounts Receivable/Parker, INC. |
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Definition
| The transaction, RECEIVED CHECK FROM PARKER, INC., IN PAYMENT ON ITS ACCOUNT, would result in which journal entry? |
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Term
| Debit Cash and credit Frank Harper, Capital |
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Definition
| The transaction, RECEIVED CHECK FROM FRANK HARPER, OWNER, AS AN INVESTMENT, would result in which journal entry? |
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Term
| Debit Cash and credit Legal Fees |
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Definition
| The transaction, RECEIVED A CHECK FOR $2500 FOR LEGAL FEES, would result in which journal entry? |
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Term
| Debit Supplies and credit Accounts Payable/Davis Supply Store |
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Definition
| The transaction, BOUGHT SUPPLIES ON ACCOUNT FROM DAVIS SUPPLY STORE, would result in which journal entry? |
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Term
| Debit Prepaid Insurance and credit Cash |
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Definition
| The transaction, PAID CASH FOR INSURANCE, would result in which journal entry? |
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Term
| Debit Rent Expense and credit Cash |
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Definition
| The transaction, PAID CASH FOR RENT, would result in which journal entry? |
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Term
| Debit Utilities Expense and credit Cash |
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Definition
| The transaction, PAID CASH FOR ELECTRIC BILL (UTILITIES EXPENSE) would result in which journal entry? |
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Term
| Debit Accounts Receivable/Beth Parker and credit Sales |
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Definition
| The transaction, SOLD SERVICES ON ACCOUNT TO BETH PARKER, would result in which journal entry? |
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