Ch. 1
Ch. 2
Ch. 3
Ch. 4
Ch. 5
100
Planning, recording, analyzing, and interpreting financial information
What is accounting?
100
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 T account?
100
A form for recording transactions in chronological order
What is journal?
200
A person who does general accounting work plus some summarizing and analyzing of accounting information
What is bookkeeper?
200
A decrease in owner’s equity resulting from the operation of a business
What is expense?
200
An amount recorded on the left side of a T account
What is Debit?
200
Recording transactions in a journal
What is Journalizing?
300
A person who records, sorts, and files accounting information
What is accounting clerk?
300
The amount remaining after the value of all liabilities is subtracted from the value of all assets
What is owner’s equity?
300
Assets taken out of a business for the owner’s personal use
What is withdrawals?
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
A person who does general kinds of office tasks
What is general office clerks?
400
Assets= Liabilities+ Owner's Equity
What is accounting equation?
400
Cash, Supplies, and Prepaid Insurance
What is Assets?
400
An account that reduces a related account on a financial statement
What is Contra account?
400
A journal amount column that is not headed with an account title
What is General amount column?
500
Represents the educational requirements and promotional possibilities in accounting careers
What is career ladder?
500
A record summarizing all the information pertaining to a single item in the accounting equation
What is account?
500
Asset normally withdrawn by an owner for personal use? cash
What is Cash?
500
T Account
What is device is used to help analyze transactions?
500
Determining that the amount of cash agrees with the accounting records
What is proving cash?
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