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Business Vocabulary
Accounting
Once the transactions have been entered into the journal they are ..... or transferred into their individual General Ledger accounts.
a
noted
b
lifted
c
allocated
d
posted
Capital accounts represent the owner's ..... worth in the business.
equity
value
hammock
net
An accounts payable ..... shows how much you owe each of your vendors.
lecture
leeway
ledger
manual
Good accounting systems allow users to run informal reports such as ..... accounts receivable or to keep track of inventory.
aged
listed
timed
unpaid
Financial accounting and reporting rules are part of a country's capital ..... regulations.
acquisition
asset
gains
market
With the activities and interests of investors, lenders and companies becoming increasingly global, the Securities and Exchange Commission is increasing its involvement in a number of forums to develop a globally accepted, high quality financial reporting ......
bulwark
framework
outline
scaffold
Currently, issuers wishing to access capital markets in different jurisdictions must comply with the requirements of each jurisdiction, which differ in many ......
angles
respects
senses
views
Establishing and maintaining high quality accounting standards are critical to the U.S. approach to regulation of capital markets, which depends on providing high quality information to facilitate ..... investment decisions.
advised
advisory
informational
informed
A firm buying stock seldom had sufficient money balances to complete the required payments; instead it relied on its bank for ..... loans, but as NYSE volume grew, banks and their regulators became alarmed at the amount of credit being extended to support securities transactions.
day
drop
short
spot
Reconciling ..... to the General Ledger boils down to making sure you know what you owe and what you don't - it's crucial for maintaining business health; it is a fundamental task that can reduce working capital needs and minimize bank borrowings, but it can be a labor-intensive process.
assets
bad debts
cash flow
payables
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