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Questions
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
All ..... increase with a debit entry and decrease with a credit entry.
advantages
associates
assets
assurances
Accounting information systems are a ..... part of an organization's day-to-day operations.
vigorous
virtual
visceral
vital
The order entry/sales process ..... sales data and records the information.
captures
contains
controls
copies
This process starts with a customer order, which initiates a credit ......
card
check
rating
report
After the customer is approved, the sales order department must let the warehouse know what goods to pick, and the shipping department needs to know that an order has been ......
filed
initiated
placed
sent
The rules must be susceptible to ..... by taxpayers and control and enforcement by tax authorities.
comparison
complaints
complaisance
compliance
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
High quality accounting standards are critical ..... the development of a high quality global financial reporting structure.
of
over
to
under
It is the consensus of the committee that all banking institutions are capable of providing the basic treasury management and banking services requested; some banks require a smaller ..... balance for no fee services, but their interest rates are adjusted to offset any significant difference in cost.
affirmative
compensating
positive
stabilizing
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