Ch 1
Ch 2
Ch 3
Ch 4
Ch 5
100
Organized summaries of a business' financial activities.
What is Accounting Records
100
A financial statement that reports assts, liabilities, and owner's equity on a specific date.
What is Balance Sheet
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 T Account
100
A journal amount column that is headed with an account title
What is Special Amount Columns
200
Planning, recording, analyzing, and interpreting financial information.
What is Accounting
200
The account used to summarize the owners equity in business
What is Capital
200
A decrease in owners equity resulting from the operation of a buisness
What is Expense
200
An amount recorded on the left side of a T Account
What is Debit
200
A journal amount column that is not headed with an account title
What is General Amount Columns
300
A planned process for providing financial information that will be useful to management.
What is Accounting System
300
The amount in an Account
What is Account Balance
300
Assets taken out of a business for an owners use
What is Withdrawl
300
An amount recorded on the right side of a T Account
What is Credit
300
A business form giving written acknowledgement for cash recieved
What is Recipt
400
A person who does general accounting work plus some summarizing and analyzing of accounting information.
Who is Bookkeeper.
400
The name given to an account.
What is Account Title
400
What does a revenue transaction do to the amount of Owners Equity.
What is Increase
400
An account that reduces a related account on a financial statement
What is Contra Account
400
A business paper from which information is obtained for a journal entry
What is Source Document
500
A person who records, sorts, and files accounting information.
What is Accounting Clerk
500
Liabilities + Owner's Equity
What is Assets
500
Transactions that decrease owners’ equity
What is Expense
500
A list of accounts used by a business
What is Chart of Accounts
500
A business form ordering a bank to pay cash from a bank account
What is Check
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