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Laboratory Work 2
Laboratory Work 2
1. Choose the correct word from the box to complete the summary.
college credits financial payment terms service
transactions
accounting firm corporate central dimension
accountant repository
1. It identifies both the trading parties and lists, describes, and quantifies the items
sold, shows the date of shipment and mode of transport, prices and discounts (if any),
and delivery and ____________.
2. As a bookkeeper, you would be expected to handle large volumes of routine
__________________ in areas such as sales, purchases, and payroll.
3. For this type of accounting, your title might be general ledger accountant, chief
accountant, ____________, accounting manager, or corporate controller.
4. With the advent of new technologies such as software as a _________, small
businesses will give preference to hiring bookkeepers who are adaptable to changes
in computing systems.
5. Associate’s degrees are normally earned with about sixty ______________,
including general education courses, electives, and courses required toward a specific
college major.
6. A bookkeeper’s work may be reviewed by an accountant or business manager from
inside the company, or by an _____________ contracted by the company.
7. General ledger is a _______________ of the accounting information of an
organization in which the summaries of all financial transactions (culled from
subsidiary ledgers) during an accounting period are recorded.
8. Being proficient in matters of finance and accounting is just one ____________ of
being a successful accountant.
1. payment terms,
2. financial transactions,
3. corporate accountant,
4. service,
5. college credits,
6. accounting firm,
7. central repository,
8. dimension.