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A depositor may endorse checks with a rubber stamp.
____________________ is the amount by which business assets exceed the business
liabilities.
While certain distinctive problems may arise in keeping the accounts of any specific
enterprise, the principles of accounting on the cash basis are generally the same.
A(n) ____________________ balance sheet shows the assets on the left and the
liabilities and the owner's equity sections on the right.
Employers report payroll taxes withheld each quarter using ____________________.
An account is a form or record used to keep track of the increases or decreases in the
individual assets, liabilities, owner's equity, revenues, and expenses of a business entity.
It is good business policy that all cash and cash items received be deposited daily in a
bank.
