Skip to Primary Content Skip to Secondary Content

Home || Basic Accounting, Financial Accounting - Vol. 2

Contact Us | Terms of Use | Privacy Policy

910
Subject Index  
 
Bad debts, see uncollectible accounts
Bank accounts as internal control,
        591–592, 818
Bank cards
as internal control, 630, 638
recording sales from, 534, 680
Bank reconciliation
adjusting entries from, 607–608
purpose of, 597
procedure, 602–603, 605–607
what to do if it will not balance,
    611–615
Bank statement, 595
debits and credits on, 599
errors on, 599, 602–603
used in bank reconciliation, 597,
   605–607
Big bath reporting, 873
Book value, 112–113, 750
Boot, 757
Bounced checks, 600
Break-even formula, see Essential
        Math Index
C
Capitalizing compared to expensing,
         743–744, 753
Cash basis accounting
compared to accrual basis, 19–22
manipulation, of 19
Cash controls, see internal control
Cash cycle gap, 680
Cash flow statement, 841–843
analysis with, 859–860, 882
illustrated, 843
Cash over and short, 629
Cash payments internal control, 638
Cash receipts internal control, 636
Cash payments journal, 536–537, 542
Cash receipts journal, 534–535, 542
Cash reporting, 590–591, 841–843
Chain discounts, 341
Change fund, 629
Channel stuffing, 870
Check, 21, 594
Checks, 592
bounced, 600
canceled, 594
control over writing, 597, 638
endorsement, 595
hot, 600
illustrated, 593
maker and payee, 593
NSF and RTM, 600
outstanding, 598–599, 603
payroll, 817–818
Circular E (Pub. 15), 789
Classification, valuation, and timing
  analysis, 37
Classified balance sheet, see
        balance sheet
Closing, 253–270
Journalizing, 267
procedure for, corporate
   differences, 270
procedure for, merchandising
   business—periodic, 405–408,
    422–423
procedure for, merchandising
  business—perpetual, 485–487
procedure for, service business,
   260–266
when to do, 256–257, 270
where to find balances, 266
worksheet as source, 232, 235
Combination, journal, 543–544
Commercial substance, 755
Common-size statements, 849
Computerized accounting systems
     differences between manual and,
        520, 544, 546–548
  error corrections, see disk
hidden costs, 547
inventory adjustments, 409,
      469, 723
payroll, 821–822
perpetual inventory, 323
special journals and, 544
viruses, 639
worksheets and, 234
Consignments, 379
Contingent liabilities, 789
Contra accounts, 110
Controlling accounts, 515
Cookie jar earnings
        management, 873
Copyrights, 765
Corporations
accrued taxes, 150
closing entries, 270
Corporations, corporate equity,
       and financial statements,
       see Volume 1
Correcting errors, see disk
Cost of goods available for sale,
         362–375, 395
Cost of goods sold, 
     estimated, 721
formula for periodic method,
    321, 323
formula for perpetual method,
    322–323
overview, 320, 358
periodic method, 320–322, 401,
    415–416, 450, 459, 704–7097
perpetual method, 461, 469,
    480–481, 486, 710–715
Cost recovery, see depreciation
Credit cards, 638, see also bank cards
Credit memorandum
bank statements, 599
returns of merchandise, 343, 463
Credit terms, 333
Credits on bank statements, 599
Cumulative tests
for Learning Goals1–11, 193
for Learning Goals12–17, 287
for Learning Goals18–21, 441
for Learning Goals18, 22,
    and 23, 501
Current assets, 242, 853
Current liabilities, 243, 786
Current portion of long-term debt,
      243, 788
Current ratio, 853, 882
D
Debt
classification of, 241, 243, 788
leverage, 865
long term, 241, 244
ratio, 857
Debit cards, 630
Debit memorandum
bank statements, 599
returns of merchandise, 371, 455
Debits on bank statements, 599
Declining balance depreciation,
    see fixed percentage on a
  declining balance
Deferrals, 36, see also prepaid expense
         and unearned revenue
Depletion, 767
Deposit slip illustrated, 595
Depreciation, 105–113, 745–752
accelerated, 746
accumulated, 110–111
adjusting entry, 110
cash flow and, 843
changing asset life, 749–750
confused with market value, 107

Home || Book Publications || Professor’s Office || Student Info & Resources || Useful Links

Contact Us || Site Map || Terms of Use || Privacy Notice

Worthy & James Publishing is a provider of basic accounting books covering fundamental accounting principles, business accounting, and business math. Topics in financial accounting and business accounting covered include the balance sheet, the income statement, financial ratios, and bank reconciliation.

©2006-2007 Worthy & James Publishing. All rights reserved. Web Development and Design by Dayspring Technologies, Inc.