Ch 1
Ch 2
Ch 3
Ch 4
Ch 5
100
Planning, recording, interpreting, and analyzing financial information.
What is accounting?
100
Anything of value that is owned.
What is an Asset?
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 or recording transactions in chronological order
What is Journal
200
A person who plans, summarizes, analyzes, and interprets accounting information.
What is an 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
A person who records, sorts, and files accounting info.
What is an accounting clerk?
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
Info for each transaction recorded in a journal .
What is Entry
400
A person who does general kinds of office tasks.
What is A general office clerk?
400
The account used to summarize the owner’s equity in business.
What is Capital?
400
Our teacher.
What is Mrs. Peake?
400
A list of accounts used by a business.
What is Chart of accounts
400
A business form ordering a bank to pay cash from a bank account.
What is Check
500
The principals of right and wrong that guide an individual in making decisions.
What is Ethics?
500
An equation showing the relationship among assets, liabilities, and owners equity.
What is Accounting equation?
500
Yes (freebie)
What is America
500
An account that reduces a related account on a financial statement.
What is Contra account
500
A business form giving written acknowledgement for cash received.
What is receipt
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