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 service business
100
Must be true of the accounting equation after each transaction is recorded
What is the same on the other side of the equation.
100
An account device used to analyze transactions
What is T account
100
A form for recording transactions in chronological order
What is journal
200
A person who interprets accounting information
What is accountant
200
A business owned by one person
What is proprietorship
200
Accounts that are affected, and when cash is received from sales
What is the assets and the owner’s equity
200
An amount recorded on the left side of a T account
What is debit
200
A journal amount column headed with an account title
A journal amount column headed with an account title What is special amount column
300
A person who does general accounting work plus some summarizing of accounting information
What is bookkeeper
300
A business activity that changes assets, liabilities, or owner’s equity
What is transaction
300
An increase in owner’s equity resulting from the operation of business
What is revenue
300
An amount recorded on the right side of a T account
What is credit
300
A business form giving written acknowledgement for cash recieved
What is receipt
400
A person who does general kinds of office tasks, including some accounting tasks
What is a general office clerk
400
The account used to summarize the owner’s equity in the business
What is capital
400
A decrease in owner’s equity resulting from the operation of business
What is A decrease in owner’s equity resulting from the operation of business
400
A list of accounts used by a business
What is chart of accounts
400
A form on which brief message is written describing a transaction
What is memorandum
500
The use of personal ethics in making business decisions
What is business ethics
500
Anything of value that is owned
What is asset
500
Assets taken out of a business for the owners personal use are
What is withdrawals
500
Determines which side of a T account will be the normal balance side
What is debit or credit
500
A business form ordering a bank to pay cash from a bank account
What is check
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