BOOKEEPING TASK II. Directions: Fill in the spaces with appropriate answer. is an employee of a small to mid-size entity that performs the processing and erding of the day-to-day financial operations of a business. n accountant or reviews the work of a bookkeeper. e Italian Luca Pacioli is known as the Father of e accounting equation is are composed of tangibles and intangibles. These include cash, accounts receivable, tory, land, and property, plant and equipment. includo tangiblor and intangiblor Thoro includo accountc navablo notor
BOOKEEPING TASK II. Directions: Fill in the spaces with appropriate answer. is an employee of a small to mid-size entity that performs the processing and erding of the day-to-day financial operations of a business. n accountant or reviews the work of a bookkeeper. e Italian Luca Pacioli is known as the Father of e accounting equation is are composed of tangibles and intangibles. These include cash, accounts receivable, tory, land, and property, plant and equipment. includo tangiblor and intangiblor Thoro includo accountc navablo notor
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Topic: performing bookkeeping task
Direction: Fill in the spaces with appropriate answer.
Transcribed Image Text:TOPIC: PERFORMING BOOKEEPING TASK
Directions: Fill in the spaces with appropriate answer.
II.
III.
1. A
is an employee of a small to mid-size entity that performs the processing and
recording of the day-to-day financial operations of a business.
2. An accountant or
reviews the work of a bookkeeper.
3. The Italian Luca Pacioli is known as the Father of
4. The accounting equation is
5.
are composed of tangibles and intangibles. These include cash, accounts receivable,
inventory, land, and property, plant and equipment.
6.
include tangibles and intangibles. These include accounts payable, notes
payable and interest payable.
7.
include the owner's capital, retained earnings and owner's withdrawals.
8.
is the bookkeeping system that records a debit and a credit per
transaction.
9. If you purchase equipment on credit, you record the transaction by a debit to equipment and credit to
10. If you collect cash from customers' credit, you record a debit to cash and credit to
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