Ch. 1
Ch. 2
Ch. 3
Ch.4
Ch. 5
100
Planning, recording, analyzing, and interpreting financial information.
What is accounting
100
Anything of value that is owned.
What is asset?
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 T account?
100
A form for recording transactions in chronological order
What is journal?
200
A person, who plans, summarizes, analyzes, and interprets accounting information.
What is accountant?
200
Financial rights to the assets of a business
What is equities?
200
A decrease in owner’s equity resulting from the operation of a business
What is expense?
200
An amount recorded on the left side of a T account
What is debit?
200
Recording transactions in a journal
What is journalizing?
300
The use of personal ethics in making business decisions
What is business ethics?
300
An amount owed by a business
What is liability?
300
Assets taken out of a business for the owner’s personal use
What is withdrawals?
300
An amount recorded on the right side of a T account
What is credit?
300
A journal amount column headed with an account title
What is special amount column?
400
A person who does general accounting work plus summarizing and analyzing of accounting information.
What is bookkeeper?
400
An equation showing the relationship among assets, liabilities, and owners’ equity
What is accounting equation?
400
Paid cash for something
What is Expense?
400
An account that reduces a related account on a financial statement
What is contra account?
400
A journal amount column that is not headed with an account title
What is general amount column?
500
A person who does general kinds of office tasks, including some accounting tasks
What is General office clerk?
500
A business activity that changes assets, liabilities, or owner’s equity.
What is transaction?
500
Received cash from something
What is revenue?
500
A list of accounts used by a business
What is chart of accounts?
500
Information for each transaction recorded in a journal
What is entry?
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