Finance Review

What do call the process of inputting finalized journals to the ledger?

What is the amount of revenue you make after you remove the cost of goods sold (COGS)?

What do you call the amount of your original loan?

What do you call the money paid to the bank in exchange for taking out a loan?

What is the fundamental job of Accounting?

Which of the Financial Reports helps a company plan for purchases?

What do we call the process of entering financial data into the accounting system

What do you call money that has been invoiced but not yet paid by other companies?

What do you call something a company owns that has future economic benefit?

What is the amount of money made, once all expenses have been removed?

What is the correct order of the Accounting Cycle?

Ike's Taco Truck owns the truck it operates out of. They decreased the value by $2k this year.

What tends to be the largest expense for most companies?

What do you call the original amount of a loan?

Which of these is the left column of the ledger?

What is the SEC responsible for?

What do you call something that the bank can take from you if you fail to pay your loan?

Which Financial Statement is best to determine if a company has been profitable lately?

What is the Accounting Formula?

Which of these does NOT go in a Balance Sheet?

What do you call the amount of money the bank receives in exchange for loaning you money?

What is the impact of an increase in the Credits column?

What do you call the process of figuring out funding for a particular enterprise?

What do we call the function related to money management issues?

How would you categorized Retained Earnings on a Balance Sheet?