Ch. 1
Ch. 2
Ch. 3
Ch. 4
Ch. 5
100
Accounting
What is planning, recording, analyzing, and interpreting financial information
100
anything of value that is owned
What is asset
100
a increase in owner's equity resulting from the operation of 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 a journal
200
A person who plans, summarizes, analyzes, and interprets accounting information
What is accoutant
200
financial rights to the assets of a business
What is equities
200
a decrease in owner's equity resulting from the operation of business
What is expense
200
On th left side of T account
What is Debit
200
a business form ordering a bank to pay cash from a bank account
What is a check
300
an accountant who is employed by a single business
What is Private Accountant
300
amount owned by a business
What is liability
300
assets taken out of a business for the owner's personal use
What is withdrawals
300
an account that reduces a related account on a financial statement
What is contra account
300
a business paper from which information is obtained for a journal entry
What is source document
400
a person who records, sorts, and files accounting information
What is accounting clerk
400
an equation showing the relationship among assets, liabilities, and owner's equity
What is accounting equation
400
when cash is paid for an expense what two accounts are used
What is Cash and Owner's Equity
400
On th right side of T account
What is credit
400
a form on which a brief message is written describing a transaction
What is memorandum
500
a person who does general accounting work plus some summarizing and analyzing of accounting information
What is bookkeeper
500
A business activity that changes assets, liabilities, or owner's equity
What is Transaction
500
When cash is received from a sale what two accounts are increased
What is assets and Owner's Equity
500
The total amount on the right side should equal what side
What is left
500
the recording of debit and credit parts of a transaction
What is double-entry accounting
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