bellringer - 10.29.10

15. How do you calculate the income of a business?



16. Is how much the owner withdraws from the business part of an income tax?

bellringer - 10.27.10

13. For what does the acronym ABWA stand?



14. Please give an example of a source document. How might a source document be analogous to evidence at a crime scene?

bellringer - 10.25.10

11. According to the chart of accounts on page 3, any asset would have which number series.


12. For this bellringer, you need to visit the following link and bookmark it.

https://docs.google.com/present/edit?id=0ASt-y5Y31lypZGd4enEyZnpfMTZocHRxNmpmZw&hl=en&authkey=CPjpm_gG

bellringer - 10.21.10

9. To which Chinese dynasty did Confucius act as a government recordkeeper?



10. Confucius says:

"A man who has committed a mistake and doesn't correct it, is committing another mistake."

"Never seek illicit wealth."

"The expectations of life depend upon diligence; the mechanic that would perfect his work must first sharpen his tools."

bellringer - 10.19.10

7. What do the terms "weak" and "strong" mean when referring to currency?



8. What would you consider the US dollar and the Euro to be at the moment?

bellringer - 10.15.10

5. What is the Latin (or Italian) for debit and credit?



6. For what does the acronym COA stand? What about SBA?

bellringer - 10.13.10

3. Please complete the following analogies.

left  ::  debit
right  ::  __________

abnormal  ::  decreasing
_____________  ::  normal

4. See if you can complete this pattern.

cash D L N __
supplies D L __ L
prepaid insurance D __ N L
accounts receivable __ L N L
accounts payable D L N __
capital C R N __
revenue C __ N R
expense C R N __
withdrawals C __ N __

bellringer - 10.11.10

1. For this bellringer, you simply need to create the document bellringer 2. In addition, I'd like you to download a couple of items shortly.

2. In your own words, what is a T Account?