Vocabulary
General Journal
General Ledger
Berten
Potpourri
100
What is an accountant?
A person who plans, summarizes, analyzes, and interprets accounting information.
100
A business paper from which information is obtained for a journal entry.
What is a source document?
100
A group of accounts.
What is a ledger?
100
Favorite football team.
Who are the Cincinnati Bengals?
100
These must be equal after journaling a transaction.
What are debits and credits?
200
The length of time for which a business summarizes and reports financial information.
What is a fiscal period?
200
Recording transactions in a journal is called.
What is journalizing?
200
A list of account titles and numbers showing the location of each account in a ledger.
What is a chart of accounts?
200
Activity that starts each class period .
What is a warm-up?
200
Assets = Liabilities + Owner’s Equity
What is THE accounting equation?
300
A company owned by ?one person.
What is a sole proprietorship?
300
A business form giving written acknowledgment for cash received.
What is a receipt?
300
Transferring information from a journal entry to ledger account.
What is posting?
300
Ireland
What is her second country of citizenship.
300
CPA
What is a Certified Public Accountant?
400
An accounting form used to summarize the general ledger information and it is needed to prepare financial statements.
What is a worksheet?
400
Debit supplies, credit cash.
What is paid cash for supplies?
400
When both debit and credit amounts have been posted to an account, the __________ ___________ __________ determines the balance is a debit or credit.
What is the normal balance side?
400
Ryan Gosling
Who is her Hollywood husband.
400
Fra Luca Pacioli
Who is the Italian mathematician known as the “Father of Accounting”?
500
A financial statement that reports assets, liabilities, and owner’s equity on a specific date.
What is a balance sheet?
500
Order in which transactions are recorded.
What is chronological?
500
Blank, restrictive, and special.
What are the three types of endorsements?
500
The Story of Edgar Sawtelle
What is her favorite book.
500
Changes recorded on a work sheet to update general ledger accounts at the end of a fiscal period.
What are adjustments?
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