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

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter1: Introduction To Accounting
Section: Chapter Questions
Problem 2SEB: ACCOUNTING PROCESS Match the following steps of the accounting process with their definitions....
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Topic: performing bookkeeping task Direction: Fill in the spaces with appropriate answer.
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
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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