The Prefix Sub- Means Below; Underneath; Less Than

question 100

True/False

The prefix sub- means below; underneath; less than.

Recognize incorrect practices and misconceptions related to vendor management in QBO.

Understand the functional differences between Bill, Expense, and Check forms and their application in QBO.

Understand the anatomy and functions of the male reproductive system.

Understand the anatomy and functions of the female reproductive system.

---

Definitions:

Journalized

The process of recording financial transactions in a company's journal, which is the first step in the accounting cycle.

Adjusting Entries

Ledger adjustments made at an accounting period's end to distribute income and spending according to the period they occurred.

GAAP

A body of accounting and financial reporting standards and rules widely adopted, defined as Generally Accepted Accounting Principles.

Revenue Recognition

The accounting principle that revenue should be reported at the time goods are sold or services are rendered, regardless of when the payment is received.