Ch 1
Ch 2
Ch 3
Ch 4
Ch 5
100
A person who plans, summarizes, analyzes, and interprets accounting information
What is an accountant?
100
A record summarizing all the information pertaining to a single item in the accounting equation
What is an account?
100
The left side of the accounting equation shows
What is assets?
100
An accounting device used to analyze transactions
What is a T account?
100
A journal amount column that is not headed with an account title
What is a general amount column?
200
A business selling accounting to the general public
What is a public accounting firm?
200
The name given to an account
What is account title?
200
Revenue, expense, and withdrawal transactions affect
What is Owner’s Equity?
200
An amount recorded on the left side of a T account
What is debit?
200
Information for each transaction recorded in a journal
What is an entry?
300
A person who does general kinds of office tasks
What is a general office clerk?
300
The amount in an account
What is the account balance?
300
An increase in owner’s equity resulting from the operation of a business
What is revenue?
300
An amount recorded on the right side of a T account
What is credit?
300
The recording of debit and credit parts of a transaction
What is double-entry accounting?
400
The principles of right and wrong that guide an individual
What is ethics?
400
The account used to summarize the owner’s equity in business
What is capital?
400
A decrease in owner’s equity resulting from the operation of a business
What is an expense?
400
A list of accounts used by a business
What is a chart of accounts?
400
A business paper from which information is obtained for a journal entry
What is a source document?
500
The use of personal ethics in making business decisions
What is business ethics?
500
A financial statement that reports assets, liabilities, and owner’s equity on a specific date
What is a balance sheet?
500
Assets taken out if a business for the owner’s personal use
What is a withdrawal?
500
An account that reduces a related account on a financial statement
What is a contra account?
500
A business form ordering a bank to pay cash from a bank account
What is a check?
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