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 preforms a activity for a fee.
What is service business?
100
A transaction for the sale of goods or services results in an increase in owners equity.
What is revenue?
100
an accounting device used to analyze transactions.
What is T account?
100
recording transactions in a journal.
What is journalizing?
200
A person who records, sorts, and files accounting information.
What is accounting clerk?
200
An equation showing the relationship among assets, liabilites, and owners equity.
What is accounting equation?
200
A decrease in owners equity resulting from the operation a business.
What is expense?
200
account on the left side of the accounting equation.
What is debit?
200
a journal amount column that is not headed with an account title.
What is general amount cloumn?
300
The use of personal ethics in making business decisions.
What is business ethics?
300
The name given to a account.
What is accounting title?
300
located on the left side of the accounting equation.
What is Assets?
300
amount recorded on the right side of the accounting equation.
What is credit?
300
a business paper from which information is obtained for a journal entry.
What is source document?
400
A business selling accounting services to the general public.
What is public accounting firm?
400
Thye account used to summarize the owners equity in a business.
What is captial?
400
Assets taken out of a business for the owners personal use.
What is withdrawals?
400
an account that reduces a related account on a finiancial statement.
What is contra account?
400
a business form giving written acknowledgement for cash received.
What is receipt?
500
A person who does general kinds of office tasks, including come accounting tasks.
What is general office clerk?
500
The amount in an account
What is account balance?
500
Is a owners equity, and on the right side of the acounting equation
What is captial?
500
a list of accounts used by a business.
What is chart of accounts?
500
a form on which a brief message is written describing a transaction.
What is memorandum?
M
e
n
u