WHAT'S YOUR FINAL ANSWER? - Accounting
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Topics of this game:
- In what era was the income of temples was recorded in lower Mesopotamia?
- In history of accounting the invention of the first bead and wire abacus by the egyption who were already making and keeping accounting records during the time. When is this?
- In what century was Luca Pacioli became a prominent person in accounting history and this is due to writing a book that introduce and disseminated the double-entry bookkeeping.
- This is the process of recording financial transaction pertaining to a business.
- Who is the Father of modern accounting?
- Accrued income is item related to income that was collected in advance before they earned. After the earning process is completed, these items are transferred to income.
- Accounts receivable is a receivable supported by oral or informal promises to pay.
- Equity is assets minus liabilities.
- This refers to the left side of the account.
- It is a sub-component of the statement of comprehensive income, which is also one of the components of a complete set of financial statements. The income statement shows the profit or loss of a business.
- Accounts payable and accounts receivable are opposites.
- This refers to the right side of the account.
- Notes payable is obligation supported by oral or informal promises to pay by the debtor.
- Freight – in represents the sellers’ cost of delivering goods to customers.
- Accounts receivable or the amount to be received when a customer orders on account is an example of what account?
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