Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
100
Something of value that is owned.
What is AN ASSET
100
An accounting device used to analyze transactions
What is T-ACCOUNT
100
Recording both the Debit and Credit parts of a transaction
What is DOUBLE ENTRY ACCOUNTING
100
Arranging accounts in a general ledger and assigning numbers to the accounts
What is FILE MAINTENANCE
100
A business form ordering a bank to pay cash from a bank account.
What is CHECKING ACCOUNT
200
An amount owed by a business
What is A LIABILITY
200
The credit side of an account
What is RIGHT SIDE
200
The business paper from which information is obtained for a journal entry.
What is SOURCE DOCUMENT
200
Transferring information from a journal entry to a ledger account.
What is POSTING
200
An endorsement that starts with the words "For Deposit Only"
What is RESTRICTIVE ENDORSEMENT
300
Financial rights to the assets of a business.
What is EQUITIES
300
The list of all the accounts for a business
What is CHART OF ACCOUNTS
300
The brief message written to describe a transaction
What is MEMORANDUM
300
Comparing the cash account balance with the check book balance.
What is PROVING CASH
300
A check written with a future date on the check.
What is POSTDATED CHECK
400
The account used to summarize the owner's equity in a business.
What is CAPITAL
400
Debit Cash: Credit Sales
What is THE PROPER WAY TO RECORD A CASH SALE
400
Utilities Expense
What is A TELEPHONE BILL
400
These accounts always start with the number 2
What is LIABILITIES
400
A check issued by a person but not yet reported on the bank statement.
What is OUTSTANDING
500
The costs of operating a business.
What is EXPENSES
500
Debits to the Left Credits to the Right Stand Up, Sit Down Fight, Fight, Fight
What is THE ACCOUNTING FIGHT SONG
500
A business form giving written acknowledgement for cash received.
What is RECEIPT
500
These accounts always start with the number 5
What is EXPENSES
500
A check that the bank refuses to pay.
What is DISHONORED CHECK
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