Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
100
A person who plans, summarizes, analyzes, and interprets accounting information
What is an accountant
100
A business that performs an activity for a fee
What is a 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
The use of personal ethics in making business decisions
What is business ethics
200
A business 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 left side of a T account
What is a debit
200
A journal amount column headed with an account title
What is a special amount column
300
A person who does general kinds of office tasks, including some accounting tasks
What is a general office clerk
300
Anything of value that is owned
What is an asset
300
Assets taken out of a business for the owner's personal use
What is a withdrawal
300
An amount recorded on the right side of a T-account
What is a credit
300
A journal amount column that is not headed with an account title
What is a general amount column
400
An accountant who is employed by a single business
What is a private accountant
400
An amount owed by a business
What is a liability
400
A business activity that changes assets, liabilities, or owner's equity
What is a transaction
400
An account that reduces a related account on a financial statement
What is a contra account
400
Information for each transaction recorded in a journal
What is an entry
500
A business selling accounting services to the general public
What is a public accounting firm
500
An equation showing the relationship among assets, liabilities, and owner's equity
What is the accounting equation
500
Revenue, expense, and withdrawals transactions affect...
What is owner's equity
500
A list of accounts used by business
What is a chart of accounts
500
A business paper from which information is obtained for a journal entry
What is a source document
M
e
n
u