Accounting Terminology
Listed Below Are Eight Technical Accounting Terms Introduced

question 45

Essay

Accounting terminology
Listed below are eight technical accounting terms introduced in this chapter:
Each of the following statements may (or may not) describe one of these technical terms. In the space provided beside each statement, indicate the accounting term described, or answer "None" if the statement does not correctly describe any of the terms.
____ (a) Cash sales and collections of accounts receivable.
____ (b) The classification of cash flows which includes issuing capital stock and paying dividends.
____ (c) The financial statement which best describes the profitability of a business.
____ (d) The section of a statement of cash flows summarizing the cash effects of most transactions entering into the determination of net income.
____ (e) An expense that reduces net cash flow but does not reduce net income.
____ (f) The classification of cash flows that includes purchases and sales of plant assets.
____ (g) Transactions shown in a supplementary schedule accompanying a statement of cash flows.
$$\begin{array} { | l | l | } \hline \text { Cash received from customers } & \text { Operating activities } \\\hline \text { Financing activities } & \text { Investing activities } \\\hline \text { Cash equivalents } & \text { Statement of cash flows } \\\hline \text { Non-cash investing and } & \text { Income statement } \\\hline \text { financing activities } & \\\hline\end{array}$$

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Definitions:

Libido

Within the framework of psychoanalytic theory, the force of the sexual urge is considered a part of the life instinct.

Psyche

The human soul, mind, or spirit, often used in psychology to refer to the totality of the human mind, conscious, and unconscious.

Personal Unconscious

A term used in Jungian psychology to describe the aspect of the unconscious which houses personal memories and experiences not immediately accessible to consciousness.

Complex

Composed of many interconnected parts or elements, indicating a higher level of difficulty, intricacy, or complication.