Chapter One
Chapter Two
Chapter Three
Chapter Four
Chapter Five
100
Accounting
What is planning, recording, analyzing, and interpreting financial information?
100
Service Business
What is a business that performs an activity for a fee?
100
Revenue
What is an increase in owner's equity resulting from the operation of a business?
100
T Account
What is an accounting device used to analyze transactions?
100
Special Amount Column
What is a journal amount column headed with an account title?
200
Accounting System
What is a planned process for providing financial information that will be useful to management?
200
Proprietorship
What is a business owned by one person?
200
Withdrawls
What is assets taken out of a business for the owner's personal use?
200
Debit
What is an amount recorded on the left side of a T account?
200
General Amount Column
What is a journal amount column that is not headed with an account title?
300
Accounting Records
What is organized summaries of a business' financial activities?
300
Equities
What is financial rights to the assets of a business?
300
Expense
What is a decrease in owner's equity resulting from the operation of a business?
300
Credit
What is an amount recorded on the right side of a T account?
300
Entry
What is information for each transaction recorded in a journal ?
400
Accountant
What is a person who plans, summarizes, analyzes, and interprets accounting information?
400
Liability
What is an amount owed by a business?
400
Goods and Services
What is most payments made out for by businesses?
400
Chart Accounts
What is a list of accounts used by a business?
400
Double-Entry Accounting
What is the recording of debit and credit parts of a transaction?
500
Public Accounting Firm
What is a business selling accounting services to other businesses?
500
Owner's Equity
What is the amount remaining after the value of all liabilities is subtracted from the value of all asset?
500
Revenue, Expense, and Withdrawals
What affects owner's equity?
500
Contra Account
What is an account that reduced a related account on a financial statement?
500
Check
What is a business form ordering a bank to pay cash from a bank account?
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