Ch 1
Ch 2
Ch 3
Ch 4
Ch 5
100
Accounting
What is planning, recording, analayzing and interpreting?
100
service business
What is a business that performs an activity for a fee
100
revenue
What is an increase in owner's equity resulting from the operation of a business
100
T account
What is an accounting device used to analyze transactions
100
special amount column
What is a journal amount column headed with an account title
200
Accounting Clerk
What is the person who records, sorts and files accounting information
200
proprietorship
What is a business owned by one person
200
expense
What is a decrease in owner's equity resulting from the operation of business
200
debit
What is the amounts recorded on the left of an T account
200
general amount column
What is a journal amount column that is not headed with an account title
300
Private Account
What is an account who is employed by a single business
300
owner's equity
What is the amount remaining after the value of all liabilities is subtracted from the value of all assets
300
withdrawals
What is assets taken out of a business for the owner's personal use
300
credit
What is the amount recorded on the right side of an T account
300
double-entry accounting
What is the recording of debit and credit parts of a transaction
400
Public Accounting Firm
What is a business selling accounting services to other businesses
400
liability
What is an amount owed by a business
400
transaction
What is a business activity that changes assets, liabilities, or owner's equity
400
chart of accounts
What is a list of accounts used by a business
400
source document
what is a business paper from which information is obtained for a journal entry
500
Ethics
What is the principals of right and wrong that guide an individual in making decisions
500
owner's equity account
What is the capital account
500
a revenue transaction
What is an increase in owner's equity
500
contra account
What is an account that reduces a related account on financial statement
500
check
What is a business form ordering a bank to pay cash from a bank account
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