Who is the 1st Filipino CPA?

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

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

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

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

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

Expense for space, equipment or other assets rentals?

expenses paid for by the business in advance?

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

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

revenues earned by performing services for a customer or client?

functions service activity?

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?

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

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

systematic recording of business transactions in financial terms?

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

Who is the 1st Filipina CPA?

is used to classify and summarize transactions?

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

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

a chronological order of the entity's transactions?

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

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

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

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

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

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

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

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

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

this accounts represents the reverse relationship of the accounts receivable?

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

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

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

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

Expense of using supplies in conduct of daily business?

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

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

called the book of original entry?

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