Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
100
Planning, recording, analyzing, and interpreting financial information is called
What is Accounting
100
What kinds of accounts are listed in the RIGHT side of the balance sheet
What are liabilities and owner's equity.
100
Assets taken out of a business for the owners personal use are called
What are withdrawals
100
An accounting device used to analyze transactions is called
What is a T Account
100
A form for recording transactions in chronological order.
What is a Journal
200
A person who plans, summarizes, analyzes, and interprets accounting information is called
What is an accountant
200
What kinds of accounts are listed on the LEFT side of the balance sheet
What are Assets
200
Although an owner may withdraw any kind of asset, usually an owner withdrawals this
What is Cash
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 is often called
What is an accounting clerk
300
What is a proprietorship
What is a business owned by one person
300
How is an owners equity affected when cash is paid for expenses
What is decreased
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
The use of personal ethics in making business decisions is called
What is business ethics
400
A business activity that changes assets, liabilities, or owner's equity.
What is a Transaction
400
How is the owners equity affected when cash is received from sales
What is Increases
400
Each transaction changes the balances of at least this many accounts
What is Two
400
A journal amount column that is not headed with an account title.
What is a General Amount Column
500
A person who does general office tasks, including some accounting tasks is called
What is a general office clerk
500
What does it mean if the accounting equation is "in balance"
What is The left side equals the right side of the equation
500
A withdrawal ________ owner's equity.
What is deacreases
500
An accounting device used to analyze these is called a T account.
What are Transactions
500
A business paper from which information is obtained for a Journal Entry.
What is a Source Document
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