Who is the 1st Filipino CPA?

Who is the 1st Filipina CPA?

to provide quantitative information, primary financial in nature? a process of identifying, measuring and communicating economic info to permit informed judgements and decisions?

Combination of personnel, records and procedures, which business uses for financial info?

systematic recording of business transactions in financial terms?

functions service activity?

Cash, Cash Equivalents, notes receivable, inventories, prepaid expenses, property, plant and equipment?

obligations of the entity to outside parties who have furnished resources?

residual interest in the assets of the enterprise after deducting all the liabilities?

any medium of exchange that a bank will accept for deposit at face value?

short term, highly liquid investment that are readily convertible to known amounts of cash?

written pledge that the customer will pay the business a fixed amount of money on a certain date?

claims against customers arising from sale of services or goods on credit?

assets which are held for sale in the ordinary course of business?

expenses paid for by the business in advance?

intangible assets that are held by an enterprise for use in the production of supply of goods or services?

a contra account that contains the sum of the periodic depreciation charges?

this accounts represents the reverse relationship of the accounts receivable?

a note payable is like a note receivable but in a reverse sense. In the case of a note payable, the business entity is a maker of the note?

amounts owed to others for unpaid expenses. This accounts includes salaries payable, utilities payable, interest payable, and taxes payable?

when the business entity receives payment before providing its customers with goods or services, the amounts received are recorded in the unearned revenue acc?

accounts records long-terms debt of the business entity for which the business entity has pledged certain assets as security to the creditor?

this accounts is used to record the original and additional investment of the owner of the business entity?

when the owner of a business entities withdraws cash or other assets?

revenues earned by performing services for a customer or client?

revenues earned as a result of sale of merchandise; sales of building materials by a construction supplies form?

the cost incurred to purchase or to produce the products sold to costumers during the period; also called cost of goods sold?

includes all payments as a result of an employer - employee relationship such as 13th month pay, cost of living allowances & other related benefits?

to use of telecommunications facilities, consumption of electricity, fuel & water?

Expense for space, equipment or other assets rentals?

Expense of using supplies in conduct of daily business?

Portion of Premium paid on insurance coverage (Motor vehicle, health, life, fire, typhoon or flood) which has expired?

Portion of cost of a tangible asset (Building & Equipment) allocated or charged as expense during an accounting period.

a chronological order of the entity's transactions?

called the book of original entry?

only two accounts are affected? one account is debited & other accounts is credited?

a grouping of the entity's accounts is refer to a ledger?

is used to classify and summarize transactions?

transferring the amounts from the journal to the appropriate accounts in the ledger?

list of all accounts with their respective debits or credit balances?

to verify the equality of debits & credits in the ledger?