Accounting Review

7. a legally binding contract that establishes a confidential relationship
9. in every transaction there must be a minimum of ________accounts that are effected.
11. in order to place a formula in sheets ,what symbol place be placed into the cell first
12. Account classification:John Hampton,Drawing
14. Account for money we owe to companies
15. Adjusting account
16. Adjusting account
17. that we owe
21. the purpose of accounting is to ____
22. Lowers net worth
24. an expense account that is used to summarize any money we have spent on bills like electricity and water.

1. Button on standard toolbar that allows you to select a formula
2. = Sales Amount - Credit Memo
3. what we own
4. the account that is designated for anything that the owner puts into the company
5. Invoice Amount After Return * Sales Discount Percentage =
6. Account for money that is owed to us
8. Account classification:Sales
10. Rule of Thumb
13. ____ on the left
18. is something you bought for the sole purpose to sell while supplies are to use
19. A page within an Excel workbook.
20. Basic accounting equation
21. ____ on the right
23. an expense account that is designated to summarize any money that we have spent on our employees