Chapter 1
chapter 2
Chapter 3
Chapter 4
Chapter 5
100
A person who plans, Summarizes, analyzes, interprets accounting information is called?
What is An Accountant
100
What is a proprietorship?
What is A business owned by one person.
100
What is revenue?
What is An increase in owners’ equity resulting from the operation of business.
100
What is recorded on the left side of the T account ?
What is What is recorded on the left side of the T account ?
100
What is a jounal?
What is A form for recording transactions in chronological order.
200
What is accounting?
What is Planning, recording, analyzing, and interpreting financial records
200
What is a transaction?
What is A business activity that changes assets, liabilities, or owners equity
200
What are the headings on the left side of a balance sheet?
What is Assets,cash,supplies,prepaid insurance,totalassets
200
What is recorded on the right side of a T account?
What is Credit
200
Whats it called when your putting the information in the jounal?
What is Journalizing
300
What Accounting jobs are avaible right out of high school?
What is Accounting clerks or General office clerk
300
What is the accounting equation?
What is Assets= liabilities + owners’ equity
300
What are the headings on the right side of the balance sheet
What is Liabilities,owners equity,capital, Total liab.and owners eq.
300
The owners’ Capital account has a normal _ balance?
What is Credit
300
Information for eacgh transaction recorded in a jounal is called a what?
What is Entry
400
List several classifications of accounting positions?
What is Bookkeeper, general office clerk, accounting clerk
400
What kind of accounts go on the left side of the equation?
What is Assets
400
What is a expense?
What is A decrease in owners’ equity resulting from the operation of business.
400
How many accounting rules are there that regulate increases and decrease of account balances?
What is 2
400
A business form ordering a bank to pay cash from a bank account is called What?
What is A check
500
What is the AICPA?
What is American Institute of certified public accountants
500
Insurance premiums must be paid when ?
What is In advance
500
What are withdrawls?
What is Assets taken out of a business for the owners personal use are called withdrawals.
500
What is a T account?
What is a device used to analyze transactions.
500
What is the name of a business form giving written acknowledgement for cash received is called what?
What is Receipt
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