ch1
ch2
ch3
ch4
ch5
100
planning, recording, analyzing, and interpreting financial information.
What is accounting
100
A business that performs an activity for a fee is
A service business
100
An increase in owners’ equity resulting from the operation of a business
What is reveneu
100
An accounting device used to analyze transactions
What is T account
100
A form of recording transaction in chronological order
What is journal
200
organized summaries of a buisness' financial activities
What is accounting records
200
A business owned by a single purpose
What is propreitorship
200
A decrease in owners’ equity resulting from the operation of a business
What is expense
200
An amount recorded on the left side of a T account
What is debits
200
Recording transactions in a journal is
What is journalizing
300
a person who plans, summarizes, analyzes, and interprets accounting information.
What is an accountant?
300
Financial rights to the assets of a business
What is equities
300
Assets taken out of a business for the owners personal use
What is withdraws
300
An amount recorded on the right side of a T account
What is credits
300
Information for each transaction recorded in a journal is called an
What is entry
400
the principal of right and wrong between that guide an individual in making decisions.
What are ethics?
400
Amount owned by a business
What is liabilities
400
In the accounting equation, cash, supplies and prepaid insurance are all
What is assets
400
A list of accounts used by a business
What is chart of accounts
400
A business form ordering a bank to pay cash from a back account is called a
What is check
500
a person who does general types of tasks, such as accounting tasks is this
What is a general office clerk?
500
An equation relating assets, liabilities and owners equity
What is accounting equation
500
The right side of the accounting equation contains
What is liabilities and owners equity
500
Credits and debits should always
What is equal
500
A business form giving written acknowledgement for cash received
What is receipt
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