Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
100
Planning, recording, analyzing, and interpreting financial information
What is Accounting?
100
a business that performs an activity for a fee
what is 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 T-Account?
100
Form on which a brief message is written describing a transaction
what is memorandum
200
a person who does general kinds of tasks, including some accounting tasks, is called
What is General Office Clerk
200
anything of value that is owned is called an
what is asset?
200
prepaid insurance is under this catagory
what is assets?
200
An amount recorded on the left side of a T-Account
what is debit?
200
Business form acknowledging for cash received
What is recipt
300
The use of personal ethics in making business decisions
What is Business Ethics?
300
The name given to an account is an
what is account title?
300
decrease in in owner's equity resulting from the operation of a business
What is expense?
300
An amount recorded on the right side of a T-Account
what is credit?
300
A form for recording transactions in chronological order
what is journal?
400
an accountant who is employed by a single business is called a
What is Private accountant?
400
the thing on the left side of the accounting equation
what is assets?
400
If cash increases, what must also increase
what is owner's equity
400
A list of accounts that a business uses
what is chart of accounts?
400
Determining that the amount of cash agrees with the accounting records
What is proving cash?
500
a business selling accounting services to the general public is called
What is public accounting firm?
500
are located on the right side of the accounting equation
What are liablities and owner's equity?
500
Assets taken out of a business for the owner’s personal use
What are withdrawals?
500
An account that reduces a related account on a financial statement
what is Contra Account
500
Recording of debit and credit parts of a transaction
what is double-entry accounting?
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