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Froggy Jumps
Froggy Jumps

August Catch Up

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August Catch Up

Froggy Jumps

Played 5 %Accuracy 74 Average time 02:03

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Accounting Coach

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Philippines

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August Catch Up
 

Froggy Jumps

August Catch UpOnline version

Accounting Coach

by Kimberly Jane
1

When terms are 2/10, n/30, the seller is allowing a 2% _________ if the invoice is paid within 10 days.

2

Vendor invoices for repairs and maintenance are likely debited to this type of account.

3

BONUS QUESTION: Who named the Pacific Ocean?

4

There will be no freight-in on goods purchased FOB ______________.

5

Depreciation is an __________ process not a valuation process.

6

BONUS QUESTION: There are 128 elements in the periodic table.

7

FIFO and LIFO are examples of cost flow __________.

8

BONUS QUESTION: What is meteorology the study of?

9

When sales terms are FOB ______ title passes at the buyer's location.

10

The type of general ledger account associated with an accrued expense.

11

BONUS QUESTION: What animal can be seen in the Porsche logo?

12

Under this inventory system, the balance in the inventory account changes with each sale.

13

This type of depreciation results in more depreciation in an asset’s earlier years and less in its later years.

14

BONUS QUESTION: Diamond is the hardest natural substance on Earth.

15

Depreciation achieves this principle.

16

Factoring is the sale of accounts receivable.

17

BONUS QUESTION: What does "USB" stand for?

18

PO is the abbreviation for Prepaid Order.

19

The "T" in the T&E expenses stands for "Three".

20

BONUS QUESTION: Around 50,000 scents can a human nose remember.

21

Goods enroute from the seller to the buyer are said to be in transit.

22

Salvage is an estimated value used in computing depreciation.

23

BONUS QUESTION: How many rings are on the Olympic flag?

24

Another name for book value is _____ value.

25

Inventory is often reported at the higher of cost or net realizable value.

26

BONUS QUESTION: What is the boiling point of water in celcius?

27

A buyer's payable is its vendor's ________.

28

Bad _____Expense is also referred to as an Uncollectible Account Expense

29

An _________ invoice is one that has not yet been paid.

30

BONUS QUESTION: What does "Hakuna Matata" mean?

31

This inventory cost flow assumption will result in lower profits when there is inflation in the cost of the inventory items.

32

An asset with a useful life of twenty years has a straight-line depreciation rate of percent.

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