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 performs an activity for a fee
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 transaction
What is T account
100
A form for recording transactions in chronological order
What is Journal
200
A planned process for providing financial information that will be useful to management
What is Accounting system
200
A business owned by one person
What is A business owned by one person
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
Organized summaries of a business’ financial activities
What is Accounting records
300
Financial rights to the assets of a business
What is Equities
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 plans, summarizes, analyzes, and interprets accounting information
What is Accountant
400
An amount owed by a business
What is Liability
400
What is the heading of the left side of a balance sheet
What is Assets
400
An account that reduces a related account on a financial statement
What is Contra account
400
A journal amount column headed with an account title
What is General amount column
500
A person who does general accounting work plus some summarizing and analyzing of accounting information
What is Bookkepper
500
The amount in an account
What is Account balance
500
What is the heading of the right side of a balance sheet
What is Liabilities and Owner’s Equity
500
What accounts have normal debit balances
What is Assets
500
A business giving written acknowledgement for cash received
What is Receipt
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