Accounting Equation
Analyzing Transactions
Journalizing Transactions
Cash Controls
Worksheets
100
A business that performs an activity for a fee.
What is a service business?
100
A list of accounts used by a business.
What is a chart of accounts?
100
A business form ordering a bank to pay cash from a bank account.
What is a check?
100
An endorsement consisting only of the endorser's signature.
What is a blank endorsement.
100
The length of time for which a business summarizes and reports financial information.
What is a fiscal period?
200
Anything of value that is owned.
What is an asset?
200
The left side of the T account.
What is a debit?
200
A journal amount column headed with an account title.
What is a special amount column.
200
A report of deposits, withdrawals, and bank balances sent to a depositor by a bankd.
What is a bank statement?
200
A proof of equality of debits and credits in a general ledger.
What is a trial balance?
300
An amount owed by a business.
What is a liability?
300
The side of the T account that is increased when recording an expense transaction.
What is debit side?
300
Determining that the amount of cash agrees with the accounting records.
What is proving cash?
300
An amount of cash kept on hand and used for making small payments.
What is petty cash?
300
Changes recorded on a work sheet to update general ledger accounts at the end of a fiscal period.
What are adjustments?
400
An increase in owner's equity resulting from the operation of a business.
What is revenue?
400
The normal balance side of an owner's capital account.
What is credit side?
400
A form describing the goods or services sold, the quantity and the price.
What is an invoice.
400
A check with a future date on it.
What is a postdated check?
400
A financial statement showing the revenue and expenses for a fiscal period.
What is an income statement?
500
The account used to summarize the owner's equity in a business.
What is capital?
500
The normal balance side of an owner's drawing account.
What is debit side.
500
A journal amount column that is not headed with an account title.
What is a general amount column.
500
An endorsement indicating a new owner of a check.
What is a special endorsement?
500
A financial statement that reports assets, liabilities, and owner's equity on a specific date.
What is a balance sheet?
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