Ch1
Ch2
Ch3
Ch4
Ch5
100
Organized summaries of a business’ financial activities
What is Accounting records
100
A business owned by one person
What is Proprietorship
100
An 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 journal
200
A person who records, sorts, and files accounting information is often.
What is accounting clerk
200
A business activity that changes assets, liabilities, or owner’s equity
What is Transaction
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
A journal account column that is not headed with an account title
What is General amount column
300
The use of personal ethics in making business decisions
What is business ethics
300
The account used to summarized the owner’s equity in business
What is capital
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
Information for each transaction recorded in a journal
What is Entry
400
A person who plans, summarizes, analyzes, and interprets accounting information
What is accountant
400
Financial rights to the assets of a business
What is equities
400
A financial statement that reports assets, liabilities, and owner’s equity on a specific date
What is balance sheet
400
A list of accounts used by a business
What is chart of accounts
400
A business form giving written acknowledgement for cash received
What is receipt
500
a person who does general accounting work plus some summarizing and analyzing of accounting information
What is bookkeeper
500
A business that performs an activity for a fee
What is service business
500
A record summarizing all the information pertaining to a single item in a accounting equation
What is account
500
An account that reduces a related account on a financial statement
What is Contra account
500
A form on which a brief message is written describing a transaction
What is Memorandum
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