Ch 1
Ch 2
Ch 3
Ch 4
Ch 5
100
Planning, recording, analyzing and interpreting financial information.
What is Accounting
100
The amount owed by a business
What is lialibility
100
An increase in owners equity resulting from the operation of a business.
What is revenue
100
An accounting device used to analyze transactions
What is a T account
100
A form for recording transactions in chronological order
What is journal
200
Organized summaries of businesses financial activities.
What is accounting records
200
A business that preforms an activity for a fee
What is service business
200
Assets= liabilities + owners Equity
What is accounting equation
200
An amount recorded on the left side of the T account
What is debit
200
Recording transactions in a journal
What is journalizing
300
A person who does general accounting work plus some summarizing and analyzing of account information
What is a bookkeeper
300
A business activity that changes assets, liabilities, or owners’ equity?
What is transaction
300
A decrease in owners equity resulting from the operation of business
What is expense
300
An amount recorded on the right side of the T account
What is credit
300
A journal amount column that is not headed with an account title
What is general amount column
400
A business selling accounting services to the general public
What is a public accounting firm
400
A record summarizing all the information pertaining to a single item in an accounting equation.
What is account
400
Assets taken out of a business for the owners personal use
What is withdrawels
400
An account that reduces a related account on a financial statement
What is contra account
400
A Business Paper which information is obtained for a journal entry?
What is source document
500
A person who does general kinds of office tasks including some accounting tasks.
What is general office clerk
500
The account used to summarize the owners’ equity in business
What is capital
500
Rent, Supplies, utilities Expenses
What is business expense
500
A list of accounts used by a business
What is chart of accounts
500
A business form ordering a bank to pay cash from a bank account
What is check
M
e
n
u