Matching
Match each term with the correct statement below.
Premises:
A 12-month period used for accounting purposes
An employee's final earnings after taxes and other payroll deductions are made
The amount by which expenses exceed income
The financial claims to the assets of the organization by the stockholders after all debts have been paid
Debts of an organization that must be paid in the future
The amount by which income exceeds expenses
Money and anything of material value owned by an organization
A company manager who is in charge of the accounting function of a business or organization
Money kept on hand to pay small fees or charges incurred by the company
A computer program that handles accounting functions as well as other types of business applications and can be used to generate financial statements
Responses:
loss
payroll register
assets
liabilities
controller
fiscal year
enterprise management software (EMS)
capital
petty cash
profit
net pay
Correct Answer:
Premises:
Responses:
loss
payroll register
assets
liabilities
controller
fiscal year
enterprise management software (EMS)
capital
petty cash
profit
net pay
Premises:
loss
payroll register
assets
liabilities
controller
fiscal year
enterprise management software (EMS)
capital
petty cash
profit
net pay
Responses:
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