BUSINESS HIGH SCHOOL-ACCOUNTING II

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BUSINESSHIGH SCHOOL-ACCOUNTING II
Cash, Short Term Investments and Account
Receivables Chapter 3
Accounting for Cash
Change Fund
Petty Cash Fund
Marketable Securities
Short-Term Investment
Allowance Method
Other Revenue
Account Receivables
Direct Write Off Method
Uncollectible Accounts

• Accounting II Essential Learning
  Expectations-Chapter 3
• A change fund is money used to make change for
  cash transactions.
• A petty cash fund is the cash a business keeps on
  hand for making small, incidental cash payments.
• A business that has more cash in the bank than it
  needs to pay current bills may invest in
  short-term investments called Marketable
  Securities.
• The direct write-off method is primarily used by
  businesses with few charge customers.
• The allowance method of accounting for
  uncollectible accounts matches sales and the
  uncollectible accounts expense in the same period.

Content Vocabulary Aging of Accounts
Receivable Allowance Method Direct Write-Off
Method Marketable Securities Uncollectible
Accounts