Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
100
Planning, analyzing, and interpreting financial information.
What is accounting?
100
After completing a balance sheet, determine if it is.
What is in balance?
100
An decrease in owner's equity resulting from the operation of a business is called.
What is expense?
100
An accounting device used to analyze transactions is called.
What is T-account?
100
A journal amount column headed with an account title is called.
What is special amount column?
200
Filing skills are needed for storing.
What are accounting records?
200
Assets = Liabilities = Owner's Equity
What is accounting equation?
200
An increase in owner's equity resulting from the operation of a business is called.
What is revenue?
200
The normal balance side of assets accounts is the.
What is left side?
200
The recording of debit and credit parts of a transaction is called.
What is double-entry accounting?
300
A person who does general kinds of office tasks, including some accounting tasks.
What is general office clerk?
300
A business owned by one person is called a.
What is proprietorship?
300
Assets taken out of a business for the owner's personal use are called.
What is withdrawals?
300
The normal balance side of liabilities and owner's equity accounts is the.
What is right side?
300
Information for each transaction recorded in a journal is called.
What is entry?
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 is called.
What is transaction?
400
The left side of the balance sheet contains ... accounts.
What is asset?
400
Debits and credits must always be.
What is equal?
400
A from on which a brief message is written describing a transaction is called.
What is memorandum?
500
A person who plans, summarizes, analyzes, and interprets accounting information is called.
What is Accountant?
500
Write the ... on three lines at the top of the balance sheet.
What is heading?
500
The right side of the balance sheet contains ... accounts.
What is liability and owner's equity?
500
An account that reduces a related account on a financial statement is called.
What is contra account?
500
Write the ... number in the Doc. No. column.
What is source document?
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