Term
| payments made from the petty cash fund are recorded in the |
|
Definition
|
|
Term
| every payment made from the petty cash fund must be supported by a |
|
Definition
|
|
Term
| is used in retail stores such as supermarkets for making change for cash customers |
|
Definition
|
|
Term
| many businesses use a ______for paying small cash payments |
|
Definition
|
|
Term
| is prepared to verify that the amount of cash in the drawer is equal to the total cash sales for the day plus the change fund cash |
|
Definition
|
|
Term
| a document that gives a stockholder's voting rights to someone else is called a |
|
Definition
|
|
Term
| earnings that are not held by the corporation but are distributed to stockholders as a return on their investment are called |
|
Definition
|
|
Term
| the maximum number of shares of capital stock a corporation may issue is called |
|
Definition
|
|
Term
| stock that has special ownership privelges over common stock is called |
|
Definition
|
|
Term
| a group of individuals elected by the stockholders to govern and be responsible for the affairs of a corporation is a |
|
Definition
|
|
Term
| the entry to write off a customer's account using the direct write-method is to debit..and credit |
|
Definition
debit- bad debts expense credit-accounts recievable |
|
|
Term
| the entry to write off a customer's account using the allowance method is to debit, and credit |
|
Definition
debit- Allowance for Uncollectible Account credit-Accounts Receivable |
|
|
Term
| the cost of ___is not depreciated b/c ____ is assumed to have an unlimited life |
|
Definition
|
|
Term
| factors that effect natural depreciation are |
|
Definition
| the cost of the asset, the estimated useful life of the asset, and the depreciation method used |
|
|
Term
| all costs of a plant asset are included in the amount to be depreciated |
|
Definition
| the cost of the item, sales tax and cost of delivery and set up |
|
|
