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Study sets matching "computerized accounting"

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Study sets matching "computerized accounting"

12 terms
Computerized Accounting Unit 3
Automated teller machine (ATM)
Bank reconciliation
Bank statement
Blank endorsement
electronic machine from which cash deposits and withdrawals c…
bringing into agreement a bank statement with a party's cash…
a report of deposits, withdrawals, and bank balances sent to…
and endorsement that consists only of the endorser's signatur…
Automated teller machine (ATM)
electronic machine from which cash deposits and withdrawals c…
Bank reconciliation
bringing into agreement a bank statement with a party's cash…
44 terms
Computerized Accounting Unit 2
Account
Account balance
Account number
Account title
a record summarizing all the information pertaining to a sing…
the amount in an account
the number assigned to an account
the name given to an account
Account
a record summarizing all the information pertaining to a sing…
Account balance
the amount in an account
44 terms
Unit 2: Computerized Accounting
Account
Account Balance
Account Number
Account Title
A record summarizing all the information pertaining to a sing…
The amount in an account
The number assigned to an account.
The name given to an account
Account
A record summarizing all the information pertaining to a sing…
Account Balance
The amount in an account
18 terms
Unit 5: Computerized Accounting
941
Employee Earnings Record
Employer's Payroll Taxes
Federal Unemployment Tax
Employer's Quarterly Federal Tax Return.
Business form used to record details affecting payments made…
taxes owed to the government by the employer based on payroll.
tax paid by employers to provide funds for workers who are te…
941
Employer's Quarterly Federal Tax Return.
Employee Earnings Record
Business form used to record details affecting payments made…
12 terms
Unit 3: Computerized Accounting
Automated teller machine (ATM)
Bank reconciliation
Bank statement
Blank endorsement
electronic machine from which cash deposits and withdrawals c…
bringing into agreement a bank statement with a party's cash…
a report of deposits, withdrawals, and bank balances sent to…
and endorsement that consists only of the endorser's signatur…
Automated teller machine (ATM)
electronic machine from which cash deposits and withdrawals c…
Bank reconciliation
bringing into agreement a bank statement with a party's cash…
56 terms
Unit 4: Computerized Accounting
Accounts Payable Ledger
Accounts Receivable Ledger
Batch Report
Batching Out
A subsidiary ledger containing only accounts for vendors from…
A subsidiary ledger containing only accounts for charge custo…
a report which gives performance information over a specific…
closing out all the transactions on the system that were proc…
Accounts Payable Ledger
A subsidiary ledger containing only accounts for vendors from…
Accounts Receivable Ledger
A subsidiary ledger containing only accounts for charge custo…
27 terms
Unit 1: Computerized Accounting
Accountant
Accounting
Accounting concepts
Accounting period cycle
a person who plans, summarizes, analyzes, and interprets acco…
planning, recording, analyzing, and interpreting financial in…
commonly accepted concepts that guide accounting personnel in…
changes in financial information are reported for a specific…
Accountant
a person who plans, summarizes, analyzes, and interprets acco…
Accounting
planning, recording, analyzing, and interpreting financial in…
Computerized Accounting
bank statement
blank endorsement
checking account
code of conduct
a report of deposits, withdrawals, and bank balances sent to…
an endorsement consisting only of the endorser's signature.
a bank account from which payments can be ordered by a deposi…
a statement that guides the ethical behavior of a company and…
bank statement
a report of deposits, withdrawals, and bank balances sent to…
blank endorsement
an endorsement consisting only of the endorser's signature.
67 terms
Computerized Accounting
Automated Teller System
Bank Statement
Bank Reconciliation
Checking Account
Computer terminal where account holders can conduct various b…
an itemized record of all the transactions over a given perio…
bringing =into agreement a bank statement with a party's cash…
An account that allows a person or business to deposit cash i…
Automated Teller System
Computer terminal where account holders can conduct various b…
Bank Statement
an itemized record of all the transactions over a given perio…
27 terms
Computerized Accounting Unit 1
accountant
Accounting
Accounting concepts
Accounting period cycle
a person who plans, summarizes, analyzes, and interprets acco…
planning, recording, analyzing, and interpreting financial in…
commonly accepted concepts that guide accounting personnel in…
changes in financial information are reported for a specific…
accountant
a person who plans, summarizes, analyzes, and interprets acco…
Accounting
planning, recording, analyzing, and interpreting financial in…
55 terms
Semester Test- Computerized Accounting
accountant
accounting
accounting concepts
bookkeeper
a person who plans, summarizes, analyzes, and interpets accou…
planning, recording, analyzing, and interpreting financial in…
ten commonly accepted concepts that guide accounting personne…
a person who does general accounting work plus some summarizi…
accountant
a person who plans, summarizes, analyzes, and interpets accou…
accounting
planning, recording, analyzing, and interpreting financial in…
191 terms
Computerized Accounting Quickbooks
In quickBooks, how can you enter trans…
Which of the following tasks is comple…
The Chart of Accounts can be accessed…
Which of the following file types iden…
Onscreen Journal and onscreen forms
Enter Credit Card Charges
Company
QBM
In quickBooks, how can you enter trans…
Onscreen Journal and onscreen forms
Which of the following tasks is comple…
Enter Credit Card Charges
8 terms
Computerized Accounting Chapter 4
Ledger
General Ledger
Account Number
File Maintenance
A group of accounts
a ledger that contains all accounts needed to prepare financi…
The number assigned to an account
The procedure for arranging accounts in a general ledger, ass…
Ledger
A group of accounts
General Ledger
a ledger that contains all accounts needed to prepare financi…
13 terms
Computerized Accounting Chapter 6
Fiscal Period
Fiscal Year
Work Sheet
Trial Balance
The length of time for which a business summarizes its financ…
A fiscal period consisting of 12 consecutive months
A columnar accounting form used to summarize the general ledg…
a proof of the equality of debits and credits in a general le…
Fiscal Period
The length of time for which a business summarizes its financ…
Fiscal Year
A fiscal period consisting of 12 consecutive months
38 terms
Computerized Accounting Chapter 9
Accounts Payable Ledger
Articles of Incorporation
Capital
Capital Stock
the subsidiary ledger containing vendor accounts
A legal document that identifies basic characteristics of a c…
The assets or other financial resources avaliable to a business
The total shares of ownership in a corporation
Accounts Payable Ledger
the subsidiary ledger containing vendor accounts
Articles of Incorporation
A legal document that identifies basic characteristics of a c…
5 terms
Computerized Accounting Chapter 8
Accounting Cycle
Closing Entries
Permanent accounts
Post-closing trial balance
The series of accounting activities included in recording fin…
Journal entries used to prepare temporary accounts for a new…
Accounts used to accumulate information from one fiscal perio…
A trial balance prepared after closing entries are posted
Accounting Cycle
The series of accounting activities included in recording fin…
Closing Entries
Journal entries used to prepare temporary accounts for a new…
18 terms
Computerized Accounting Chapter 5
checking account
deposit slip
endorsement
blank endorsement
A bank account from which payments can be ordered by a deposi…
a bank form which lists the checks, currency, and coins an ac…
A signature or stamp on the back of a check transferring owne…
An endorsement consisting only of the endorser's signature.
checking account
A bank account from which payments can be ordered by a deposi…
deposit slip
a bank form which lists the checks, currency, and coins an ac…
10 terms
Computerized Accounting Chapter 11
Board of Directors
Credit Memorandum
Debit Memorandum
Declaring a Dividend
A group of persons elected by the stockholders to govern a co…
A form prepared by the vendor showing the amount deducted for…
A form prepared by the customer showing the price deduction t…
Action by a board of directors to distribute corporate earnin…
Board of Directors
A group of persons elected by the stockholders to govern a co…
Credit Memorandum
A form prepared by the vendor showing the amount deducted for…
19 terms
Computerized Accounting Chapter 1
Company Name
Ellipsis
Activities
QuickBooks
The name that appears in the title bar in QuickBooks. The sou…
Follows a command on a menu and means additional information…
The level of operation where most routine work is processed.
A software package used to record business and accounting act…
Company Name
The name that appears in the title bar in QuickBooks. The sou…
Ellipsis
Follows a command on a menu and means additional information…
27 terms
Computerized accounting Chapter 1
Accounting
Accounting system
Financial Statements
Net worth statement
The process of planning, recording, analyzing, and interpreti…
A planned process designed to compile financial data and summ…
Financial reports that summarize the financial condition and…
A formal report that shows what an individual owns, what an i…
Accounting
The process of planning, recording, analyzing, and interpreti…
Accounting system
A planned process designed to compile financial data and summ…
17 terms
Computerized Accounting Chapter 15
Unadjusted Trial balance
beginning inventory
ending inventory
accrued revenue
A trial balance prepared before adjusting entries are posted
The amount of inventory on hand at the beginning of a fiscal…
The actual count of merchandise at the end of a fiscal period
Revenue earned in one fiscal period but not received until a…
Unadjusted Trial balance
A trial balance prepared before adjusting entries are posted
beginning inventory
The amount of inventory on hand at the beginning of a fiscal…
15 terms
Computerized Accounting Chapter 14
Uncollectible Accounts
Allowance Method
Book Value
Book Value of Accounts Receivable
accounts receivable that cannot be collected
crediting the estimated value of uncollectible accounts to a…
the difference between an asset's account balance and its rel…
the difference between the balance of accounts receivable and…
Uncollectible Accounts
accounts receivable that cannot be collected
Allowance Method
crediting the estimated value of uncollectible accounts to a…
11 terms
Computerized Accounting Chapter 16
Operating revenue
net sales
cost of merchandise sold
gross profit
The revenue earned by a business from its normal business ope…
The amount of sales, less sales discounts and sales returns a…
The original price of all merchandise sold during a fiscal pe…
The operating revenue remaining after cost of merchandise sol…
Operating revenue
The revenue earned by a business from its normal business ope…
net sales
The amount of sales, less sales discounts and sales returns a…
13 terms
Computerized Accounting Chapter 10
Selling price
Markup
Account receivable ledger
sales tax
The amount a business receives from the sale of an item of me…
The amount a business adds to the cost of merchandise to esta…
A subsidiary ledger containing all accounts for charge custom…
A tax on a sale of merchandise... or services.
Selling price
The amount a business receives from the sale of an item of me…
Markup
The amount a business adds to the cost of merchandise to esta…
20 terms
Computerized Accounting Chapter 17
Profitability ratio
benchmark
comparative financial statements
Trend Analysis
A ratio that measures the ability of a business to generate i…
A standard used to compare financial performance
Financial statements that provide information for multiple fi…
An analysis of changes over time.
Profitability ratio
A ratio that measures the ability of a business to generate i…
benchmark
A standard used to compare financial performance
27 terms
Grizzly Business Computerized Accounting I
Accountant
Accounting
Accounting concepts
Accounting period cycle
A person who plans, summarizes, analyzes, and interprets acco…
Planning, recording, analyzing, and interpreting financial in…
Commonly accepted concepts that guide accounting personnel in…
Changes in financial information are reported for a specific…
Accountant
A person who plans, summarizes, analyzes, and interprets acco…
Accounting
Planning, recording, analyzing, and interpreting financial in…
27 terms
Computerized Accounting 1 - Unit 1 (Arkansas)
Accountant
Accounting
Accounting Concepts
Accounting period cycle
a person who plans, summarizes, analyzes, and interprets acco…
planning, recording, analyzing, and interpreting financial in…
commonly accepted concepts that guide accounting personnel in…
changes in financial information are reported for a specific…
Accountant
a person who plans, summarizes, analyzes, and interprets acco…
Accounting
planning, recording, analyzing, and interpreting financial in…
44 terms
Computerized Accounting 1 - Unit 2 (Arkansas)
Account
Account balance
Account number
Account title
a record summarizing all the information pertaining to a sing…
the amount in an account
the number assigned to an account
the name given to an account
Account
a record summarizing all the information pertaining to a sing…
Account balance
the amount in an account
12 terms
Computerized Accounting 1 - Unit 3 (Arkansas)
Automated teller machine (ATM)
Bank reconciliation
Bank statement
Blank endorsement
electronic machine from which cash deposits and withdrawals c…
bringing into agreement a bank statement with a party's cash…
a report of deposits, withdrawals, and bank balances sent to…
an endorsement that consists only of the endorser's signature…
Automated teller machine (ATM)
electronic machine from which cash deposits and withdrawals c…
Bank reconciliation
bringing into agreement a bank statement with a party's cash…
27 terms
AR Computerized Accounting I Unit 1
Accountant
Accounting
Accounting Concepts
Accounting period cycle
a person who plans, summarizes, analyzes, and interprets acco…
planning, recording, analyzing, and interpreting financial in…
commonly accepted concepts that guide accounting personnel in…
changes in financial information are reported for a specific…
Accountant
a person who plans, summarizes, analyzes, and interprets acco…
Accounting
planning, recording, analyzing, and interpreting financial in…
18 terms
Computerized Accounting 1 - Unit 5 (Arkansas)
941
Employee earnings record
Employer's payroll taxes
Federal unemployment tax
employer's quarterly federal tax return
business form used to record details affecting payments made…
taxes owed to the government by the employer based on payroll
tax paid by employers to provide funds for workers who are te…
941
employer's quarterly federal tax return
Employee earnings record
business form used to record details affecting payments made…
57 terms
Computerized Accounting Final Exam Review
When a transaction is entered in the s…
When a transaction is entered in the p…
when a transaction is entered in the c…
When a transaction is entered in the c…
Debit
credit
credit
debit
When a transaction is entered in the s…
Debit
When a transaction is entered in the p…
credit
8 terms
Computerized Accounting System
What is a Computerized Accounting Syst…
Describe two advantages of a Spreadshe…
Explain what it means to codify and cl…
Outline two features of a Computerized…
...
...
...
...
What is a Computerized Accounting Syst…
...
Describe two advantages of a Spreadshe…
...
191 terms
Computerized Accounting Quickbooks
In quickBooks, how can you enter trans…
Which of the following tasks is comple…
The Chart of Accounts can be accessed…
Which of the following file types iden…
Onscreen Journal and onscreen forms
Enter Credit Card Charges
Company
QBM
In quickBooks, how can you enter trans…
Onscreen Journal and onscreen forms
Which of the following tasks is comple…
Enter Credit Card Charges
18 terms
Payroll Accounting -- Computerized Accounting I
941
Employee earnings record
Employer's payroll taxes
Federal unemployment tax
employer's federal tax return
business form used to record details affecting payments make…
taxes owed to the government by the employer based on payroll
tax paid by employers to provide funds for workers who are te…
941
employer's federal tax return
Employee earnings record
business form used to record details affecting payments make…
56 terms
Computerized Accounting 1 - Unit 4 (Arkansas)
Accounts payable ledger
Accounts receivable ledger
Batch report
Batching out
a subsidiary ledger containing only accounts for vendors from…
a subsidiary ledger containing only accounts for charge custo…
a report which gives performance information over a specific…
closing out all the transactions on the system that were proc…
Accounts payable ledger
a subsidiary ledger containing only accounts for vendors from…
Accounts receivable ledger
a subsidiary ledger containing only accounts for charge custo…
18 terms
AR Computerized Accounting I Unit 5
941
Employee Earnings Record
Employer's Payroll Taxes
Federal Unemployment Tax
Employer's Quarterly Federal Tax Return.
Business form used to record details affecting payments made…
taxes owed to the government by the employer based on payroll.
tax paid by employers to provide funds for workers who are te…
941
Employer's Quarterly Federal Tax Return.
Employee Earnings Record
Business form used to record details affecting payments made…
157 terms
COMPUTERIZED ACCOUNTING 1 - EOC REVIEW
Accountant
Accounting
Accounting Concepts
Accounting period cycle
a person who plans, summarizes, analyzes, and interprets acco…
planning, recording, analyzing, and interpreting financial in…
commonly accepted concepts that guide accounting personnel in…
changes in financial information are reported for a specific…
Accountant
a person who plans, summarizes, analyzes, and interprets acco…
Accounting
planning, recording, analyzing, and interpreting financial in…
56 terms
AR Computerized Accounting I Unit 4
Accounts Payable Ledger
Accounts Receivable Ledger
Batch Report
Batching Out
A subsidiary ledger containing only accounts for vendors from…
A subsidiary ledger containing only accounts for charge custo…
a report which gives performance information over a specific…
closing out all the transactions on the system that were proc…
Accounts Payable Ledger
A subsidiary ledger containing only accounts for vendors from…
Accounts Receivable Ledger
A subsidiary ledger containing only accounts for charge custo…
11 terms
Unit 1: Computerized Accounting I
accountant
accounting
accounting concepts
bookkeeper
a person who plans, summarizes, analyzes, and interpets accou…
planning, recording, analyzing, and interpreting financial in…
ten commonly accepted concepts that guide accounting personne…
a person who does general accounting work plus some summarizi…
accountant
a person who plans, summarizes, analyzes, and interpets accou…
accounting
planning, recording, analyzing, and interpreting financial in…
18 terms
Accounting Vocab chapter 15 Computerized accounting
accounts payable subsidiary ledger
bankcard fee
cost of merchandise
debit memorandum
a separate ledger that contains accounts for all creditors,;…
a fee charged for handling bankcard sales slips; usually base…
the actual cost to the business of teh merchandise sold to cu…
the form a business uses to notify its suppliers (creditors)…
accounts payable subsidiary ledger
a separate ledger that contains accounts for all creditors,;…
bankcard fee
a fee charged for handling bankcard sales slips; usually base…
7 terms
Computerized Accounting Chapter 10
Accounting Cycle
Closing Entries
Permanent accounts
Post-closing trial balance
The series of accounting activities included in recording fin…
Journal entries used to prepare temporary accounts for a new…
Accounts used to accumulate information from one fiscal perio…
A trial balance prepared after closing entries are posted
Accounting Cycle
The series of accounting activities included in recording fin…
Closing Entries
Journal entries used to prepare temporary accounts for a new…
191 terms
Computerized Accounting Quickbooks
In quickBooks, how can you enter trans…
Which of the following tasks is comple…
The Chart of Accounts can be accessed…
Which of the following file types iden…
Onscreen Journal and onscreen forms
Enter Credit Card Charges
Company
QBM
In quickBooks, how can you enter trans…
Onscreen Journal and onscreen forms
Which of the following tasks is comple…
Enter Credit Card Charges
191 terms
Computerized Accounting Quickbooks
In quickBooks, how can you enter trans…
Which of the following tasks is comple…
The Chart of Accounts can be accessed…
Which of the following file types iden…
Onscreen Journal and onscreen forms
Enter Credit Card Charges
Company
QBM
In quickBooks, how can you enter trans…
Onscreen Journal and onscreen forms
Which of the following tasks is comple…
Enter Credit Card Charges
191 terms
Computerized Accounting Quickbooks
In quickBooks, how can you enter trans…
Which of the following tasks is comple…
The Chart of Accounts can be accessed…
Which of the following file types iden…
Onscreen Journal and onscreen forms
Enter Credit Card Charges
Company
QBM
In quickBooks, how can you enter trans…
Onscreen Journal and onscreen forms
Which of the following tasks is comple…
Enter Credit Card Charges
192 terms
Computerized Accounting Quickbooks
In quickBooks, how can you enter trans…
Which of the following tasks is comple…
The Chart of Accounts can be accessed…
Which of the following file types iden…
Onscreen Journal and onscreen forms
Enter Credit Card Charges
Company
QBM
In quickBooks, how can you enter trans…
Onscreen Journal and onscreen forms
Which of the following tasks is comple…
Enter Credit Card Charges
191 terms
Computerized Accounting Quickbooks
In quickBooks, how can you enter trans…
Which of the following tasks is comple…
The Chart of Accounts can be accessed…
Which of the following file types iden…
Onscreen Journal and onscreen forms
Enter Credit Card Charges
Company
QBM
In quickBooks, how can you enter trans…
Onscreen Journal and onscreen forms
Which of the following tasks is comple…
Enter Credit Card Charges
44 terms
Computerized Accounting Unit 2 Terms
Account
Account Balance
Account Number
Account Title
A record summarizing all the information pertaining to a sing…
The amount in an account
The number assigned to an account.
The name given to an account
Account
A record summarizing all the information pertaining to a sing…
Account Balance
The amount in an account
16 terms
Ch 2 vocab- Computerized Accounting
accounting cycle
fiscal period
maintaining accounts
journal
The process that involves all accounting activities, beginnin…
A regular interval of time for which a business analyzes its…
The process of adding new accounts, changing titles of existi…
A record of the debit and credit parts of each transaction re…
accounting cycle
The process that involves all accounting activities, beginnin…
fiscal period
A regular interval of time for which a business analyzes its…
12 terms
AR Computerized Accounting I Unit 3
Automated Teller Machine
Bank Reconciliation
Bank Statement
Blank Endorsement
electronic machine from which cash deposits and withdrawals c…
Bringing into agreement a bank statement with a party's cash…
a report of deposits, withdrawals, and bank balances sent to…
An endorsement that consists only of the endorser's signature…
Automated Teller Machine
electronic machine from which cash deposits and withdrawals c…
Bank Reconciliation
Bringing into agreement a bank statement with a party's cash…
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