This person does admiistrative work for banking, insurance, and other companies. They keep records, help customers and carry out financial transactions.
What is a financial clerk?
100
This is a business that performs an activity for a fee.
What is service business?
100
An increase in owner’s 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 a journal?
200
This occupation keeps track of all the money a company recieves and spends.
What is a bookkeeper?
200
This is a business that is owned by one person.
What is a proprietorship?
200
A decrease in owner’s equity resulting from the operation of a business.
What is an expense?
200
An amount recorded on the right side of a T account.
What is debit?
200
Recording transactions in a journal.
What is journalizing?
300
This occupation uses their financial investigative powers to keep an eye on the books.
What is an auditor?
300
The financial rights to the assets of a business.
What are equities?
300
A transaction for the sale of goods or services results in this
What is an increase in owner’s equity?
300
An amount recorded on the right side of a T account.
What is credit?
300
A journal amount column headed with an account title.
What is a special amount column?
400
People with this occupation are the mathmatical experts who estimate risks and costs for insurance companies.
What is an actuary?
400
An amount owed by a business.
What is a liability?
400
Assets taken out of a business for the owner’s personal use are called this.
What is withdrawals?
400
These accounts have normal debit balances (left side) because assets are on the left side of the accounting equation.
What is asset accounts?
400
A journal amount column that is not headed with an account title.
What is a general amount column?
500
People with this occupation examine accounting and other financial records to find fraud, forgeries, and irregularities.
What is a forensic accountant?
500
A financial statement that reports assets, liabilities, and owner’s equity on a specific date.
What is a balance sheet?
500
A withdrawal does this to owner’s equity.
What is decreased?
500
A list of accounts used by a business.
What is chart of accounts?
500
Information for each transaction recorded in a journal.