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 is owned by one person
What is a proprietership?
100
an increase in owner's equity due to the operation of the business
What is revanue
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
Organized summaries of a business' financial activities
what are accounting records
200
Financial rights to the assets of a business
What are equities?
200
a decrease in owner's equity due to the operation of a business
what is an expense?
200
an amount recorded on the left side of a t account
what is a debit
200
a jounal amount column that is not headed with an account title
what is a general amount column
300
The principles of right and wrong that guide decision making
what are Ethics
300
an amount owed by a business
what is a liability?
300
assets taken out of a business for the owner's personal use
what are withdrawals
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 a journal?
400
A person who does general kinds of office tasks, including some accounting tasks
What is a general office clerk
400
the amount remaining when liabilities ar subtracted from assets
What is Owner's Equity
400
the type of account on the left side of the accounting equation
what are assets
400
a list of accounts used by a business.
what is a chart of accounts?
400
a business form ordering a bank to pay cash from a bank account
what is a check
500
A buisiness selling accounting services to other businesses.
What is a public accounting firm?
500
a record sumarizing all the information pertaining to a single item in the accounting equation
what is an account
500
the type of accounts on the right side of the accounting equation
what are liabilities and owner's equity?
500
an account that reduces a related account on a financial statement
what is a contra account?
500
a business form giving written acknowledgement for cash received
what is a receipt
M
e
n
u