Ch 1
Ch 2
Ch 3
Ch 4
Ch 5
100
Planning, recording, analyzing, and interpreting financial information.
What is Accounting
100
A business that performs an activity for a fee
What is a service business
100
An increase in owner's equity resulting from the operation of a business
What is revenue
100
An accounting device used to analyze transactions
What is a T-account
100
A journal amount column headed with an account title
What is a special amount column
200
A planned process for providing financial information that will be useful to management.
What is Accounting system
200
Fianacial rights to the assets of a business
What is equities
200
A decrease in Owner's equity resulting from the operation of a business
What is Expense
200
Amount recorded on the left side
What is a debit
200
A journal amount column that is not headed
What is a general amount column
300
An accountant that is employed by a single business.
What is a private accountant
300
Assets=liabilities+owners Equity
What is the accounting equation
300
Assets taken out of a business for the owner's personal use
What is a withdrawl
300
Amount recorded on the right side
What is a credit
300
A business paper from which information is obtained for a journal entry
What is a source document
400
A person who records, sorts, and files accounting information
What is an accounting clerk
400
The name given to an account
What is account title
400
Cash, supplies, and prepaid insurance are under what account
What is the assets account
400
An account that reduces arelated account on a financial statement
What is a contra account
400
A business form giving written acknowledgement for cash received
What is a receipt
500
The principles of right and wrong that guide an individual in making decisions
What is ethics
500
A financial statement that reports assets, liabilities, and owners equity on a specific date
What is a Blance Sheet
500
Supplies account, and capital account
What is Liabilities and Owner's Equity
500
Ben furman, Capital is under this account
What is Owner's Equity
500
The recording of debit and credit parts of a transaction
What is Double-entry accounting
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