Ch1
Ch2
Ch3
Ch4
Ch5
100
Organized summaries of a business' financial activities.
What is Accounting records?
100
A business that performs an activity for a free.
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 a T accountant?
100
A form for recording transactions in chronological order.
What is journal
200
A business selling accounting services to the general public.
What is Public accounting firm?
200
A business owned by a single person.
What is What is proprietorship
200
A decrease in owner's equity resulting from the operation of a business.
What is expense?
200
An amount recorded on the right side of a T-account.
What is Debt
200
Recording transactions in journal.
What is Journalizing
300
A person who records, sorts, and files accounting information.
What is Accounting Clerk?
300
A business activity that changes assets, liabilities, or owner's equity.
What is transaction?
300
Assets taken out of a business for the owner's personal use.
What is withdrawal?
300
An amount recorded on the left side of the T-account.
What is Credit
300
A journal amount column headed with an account title.
What is Special Amount column
400
An accountant who is employed by a single business.
What is private accountant
400
Assets = Liabilities + Owner's Equity
What is accounting equation?
400
decrease is a owners equity
What is withdrawal
400
An account that reduces a related account on a financial statement.
What is contra account
400
Information for each trasaction in a journal.
What is Entry
500
The use of personal ethics in making business decisions.
What is business ethics?
500
A financial statement that reports assets, liabilities, and owner's equity on a specific date.
What is balance sheet
500
transaction increased owners equity
What is Revenue
500
A list of accounts used by a business.
What is chart of accounts
500
A business form given written acknowledgement for cash received.
What is Receipt
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