| A | B |
|---|
| code of conduct | A statement that guides the ethical behavior of a company and its employees |
| ethics | The principles of right and wrong that guide an individual in making decisions |
| Better Business Bureau (BBB) | A private nonprofit organization that receives consumer complaints and rates the performance and reliability of businesses based on a number of criteria |
| computer ethics | The procedures, values, and practices that govern the process of consuming computing technology and its related disciplines without damaging or violating the moral values and beliefs of an individual, organization, or entity |
| FDA | A federal agency of the United States Department of Health and Human Services, the Food and Drug Administration that is responsible for ensuring the safety, efficacy, and security of human and veterinary drugs, biological products, and medical devices and for the safety of our nation's food supply, cosmetics, and products that emit radiation |
| General Ledger Accountant | An accountant responsible for ensuring that transactions of a business have been properly accounted for and accurately reflect the company's accounting process. |
| purchases journal | A special journal used to record all purchases of merchandise on account |
| cash payments journal | A special journal used to record all cash payments |
| sales journal | A special journal used to record all sales of merchandise on account |
| cash receipts journal | A special journal used to record all cash receipts |
| general journal | A journal with two amount columns in which all kinds of entries can be recorded |
| Board of Directors | A group of persons elected by the stockholders to govern a corporation |
| credit memorandum | A form prepared by the vendor showing the amount deducted for returns and allowances |
| debit memorandum | A form prepared by the customer showing the price deduction taken by the customer for a return or an allowance |
| declaring a dividend | Action by a board of directors to distribute corporate earnings to stockholders |
| dividends | Earnings distributed to stockholders |
| internal controls | Processes and procedures employed within a business to ensure that its operations are conducted ethically, accurately, and reliably |
| purchases allowance | Credit allowed for part of the purchase price of merchandise that is not returned, resulting in a decrease in the customers account |
| purchases return | Credit allowed for the purchase price of returned merchandise, resulting in a decrease in the customer's account |
| retained earnings | An amount earned by a corporation and not yet distributed to stockholders |
| sales allowance | Credit allowed to a customer for part of the sales price of merchandise that is not returned, resulting in a decrease in the accounts receivable of the merchandising business |
| sales return | Credit allowed to a customer for the sales price of returned merchandise, resulting in a decrease in the accounts receivable of the merchandising business |
| special journal | A journal used to record only one kind of transaction |
| Objective Evidence | An accounting concept stating that an original business document is prepared, a check, invoice, memorandum, etc. indicating that a transaction occurred and that the amounts recorded in the accounting records are accurate and true |
| privacy rights | an individual's legal right, not explicitly provided in the United States Constitution, to be left alone and live life free from unwarranted publicity |
| contra acount | An account that reduces a related account on a financial statement |
