Financial Accounting

 

Match the following terms with the appropriate definition.

- A. B. C. D. E. F. G. H. I. 

A contractual agreement to borrow and repay money.

- A. B. C. D. E. F. G. H. I. 

Taxes paid to the government by both employees and employers

- A. B. C. D. E. F. G. H. I. 

Amounts funded by companies to prove benefits to fired workers.

- A. B. C. D. E. F. G. H. I. 

Liabilities created by adjusting entries

- A. B. C. D. E. F. G. H. I. 

Guarantees the repair or replacement of defective goods during a specified period following the sale

- A. B. C. D. E. F. G. H. I. 

Probable future sacrifices of economic benefits

- A. B. C. D. E. F. G. H. I. 

Obligations whose amounts, timing, or recipient depend on future events

- A. B. C. D. E. F. G. H. I. 

Amounts collected from customers that must be passed along to the state.

- A. B. C. D. E. F. G. H. I. 

A percentage of the loan amount that compensates the lender for the use of his/her money

A.

Accrued liabilities

B.

Contingent liabilities

C.

Unemployment taxes payable

D.

Interest rate

E.

Liabilities

F.

Payroll taxes

G.

Sales taxes

H.

Warranty

I.

Note payable