Planning, recording, analyzing, and interpreting financial information.
What is Accounting?
100
A financial statement that reports Assets, Liabilities and Owner's Equity on a specific date.
What is a Balance Sheet?
100
Owner's Equity is affected when cash is paid to the owner for personal use
What is Decreases?
100
An accounting device used to analyze transactions
What is T Account?
100
A journal amount column headed with an account title
What is Special Amount Column?
200
A planned process for providing financial information that will be useful to management.
What is Accounting System?
200
Prepare the Assets section on the _____ side.
What is left?
200
Owner's Equity affected when cash is paid for expenses
What is Decreases?
200
An amount recorded on the left side of a T Account
What is Debit?
200
A journal amount column that is not headed with an account title
What is General Amount Column?
300
Organized summaries of a business' financial activities.
What is Accounting Records?
300
Prepare the liabilites section on the ________ side.
What is right?
300
An increase in owner's equity resulting from the operation of a business
What is Revenue?
300
An amount recorded on the right side of a T account
What is Credit
300
A business form ordering a bank to pay cash from a bank account
What is a Check?
400
Work without supervision. Experience in general ledger and payroll required. Experience in supervising accounting clerks desirable. Electronic spreadsheet and word processing skills required.
What is a Bookkeeper?
400
Prepare the Owner's equity section on the _____ side.
What is right?
400
Assets taken out of a business for the owner's personal use
What is Withdrawals?
400
Account balances increase on the normal blance side of an account
What is One Basic Accounting Rule?
400
A business form giving written acknowledgment for cash received
What is Receipt?
500
General Office Workers -> Accounting Clerks -> Bookkeepers -> Accountants
What is a Career Ladder?
500
Rule a _______ line across both amount columns.
What is double?
500
The total on the left side of the balance sheet
What is Total Assets?
500
Account balances decrease on the side opposite the normal balance side of an account.
What is One Basic Accounting Rule?
500
Determining that the amount of cash agrees with the accounting records.