Ch1
Ch2
Ch3
Ch4
Ch5
100
Planning, recording, analyzing, and interpreting financial information
What is Accounting
100
An equation showing the relationship among assets, liabilities, and owner’s equity
What is Accounting equation
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
Recording transactions in a journal
What is Journalizing
200
A business selling accounting services to other businesses
What is Public accounting firm
200
Financial rights to the assets of a business
What is Equities
200
Assets taken out of a business for the owner’s personal use
What is Withdraws
200
An amount recorded on the left side of a T account
What is Debit
200
A journal amount column that is not headed with an account title
What is General amount column
300
An accountant who is employed by a single business
What is Private accountant
300
The name given to an account
What is Account title
300
A decrease in owner’s equity resulting from the operation of a business
What is Expense
300
An account that reduces a related account on a financial statement
What is Contra account
300
A business form ordering a bank to pay cash from a bank account
What is Check
400
A person who records, sorts, and files accounting information
What is Accounting Clerk
400
The amount in and account
What is Account balance
400
The heading(s) on the left side of the balance sheet
What is Assets
400
A list of accounts used by a business
What is Chart of accounts
400
Accounts used for rent expense
What is General Debit and Cash Credit
500
A person who does general analyzing of accounting information work plus some summarizing and analyzing of accounting information
What is Bookkeeper
500
A business activity that changes assets, liabilities, or owner’s equity
What is Transaction
500
The heading(s) on the right side of the balance sheet
What is Liabilities and Owner’s Equity
500
The sides of a T account are also used to show…
What is Increases and decreases
500
Four parts of a journal entry
What is Date, Debit, Credit, and Source Document
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