Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
100
Planning, recording, analyzing, and interpreting financial information.
What is accounting?
100
On the left side of the accounting equation.
What are assets.
100
An increase in owner's equity resulting from the operation of a business.
What is revenue.
100
The left side of a T account.
What is debit.
100
A journal amount column without a heading.
What is a general amount column.
200
A person who does general accounting work plus some summarizing and analyzing of accounting information.
What is bookkeeping.
200
Along with Liabilities on the right side of the accounting equation.
What is Owner's Equity.
200
The side of the accounting equation that Prepaid Cash is on.
What is the left side.
200
The right side of a T account.
What is credit.
200
A journal amount column that has a heading.
What is a special amount column.
300
The principles of right and wrong that guide an individual in making decisions.
What is ethics.
300
A business activity that changes assets, liabilities, or owner's equity.
What is a transaction.
300
A decrease in owner's equity resulting from the operation of a business.
What are expenses.
300
A list of account used by a business.
What is the chart of accounts.
300
A business form giving written acknowledgement for cash received.
What is a receipt.
400
A person who records, sorts, and files accounting information.
What is an accounting clerk.
400
Financial rights to the assets of a business.
What are equities.
400
These two things should be equal.
What are both sides of the accounting equation?
400
The side of the T account that cash increases on.
What is the debit side.
400
When money is withdrawn from the account, which side of the cash column does the amount appear on?
What is the credit side.
500
Job that requires secretarial experience, word processing, communication skills, and bookkeeping experience or accounting education.
What is a secretary.
500
A business owned by one person.
What is a proprietorship.
500
Assets taken out of a business for the owner's personal use.
What are withdraws.
500
The side of the T account that owner's equity increases on.
What is the credit side.
500
A from on which a brief message is written describing a transaction.
What is a memorandum.
M
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