BAF3M

PR in the general journal stands for

Internal controls are important for businesses especially when dealing with cash to...

The short form for Generally Accepted Accounting Principles is ______________?

If your HST recoverable is $5412 and your HST payable is $6482 you now owe the government?

The ______________ account would tell me the worth of the business

Liquidity means order means which of the following appears first in a Balance Sheet

Expenses always have a __________ balance.

Revenue's always have a ____________ Balance

There is no HST charged on Basic Grocery items.

Which of the following numbers would indicate a revenue account?

A purchase invoice will result in us DEBITING _______. (in most cases)

ADebit entry is incorrectly posted as a credit: the trial balance is out by double the mistake

The CRA is....

HST stands for____________________?

Cash is _____________!

When would you credit the Capital account?

The Drawings account would have what # assigned to it?

All final totals in Accounting need a what?

_____________ - Liabilities = Owners Equity

If Revenue was $50000 and Expenses were $60000 then Net Income would be

Debits are on the __________ Credits on the ___________.

When issuing a sales invoice the account DEBITED would be ______.

Drawings has a ____________ Normal Balance

When issuing a sales invoice you would credit what accounts?

An example of a contra account would be:

As an owner, if you purchased gas for your car with a business debit card you would ....

Liabilities are ordered on the balance sheet in terms of:

If a trial balance is in balance it is correct.

An owner withdraws money or equipment from the business. You must...

A __________ is a source document written by the owner

Which of the following is a "Contra" account ____________?