+ - - +
Terms
Accounting Transactions
Careers
Accounting Math
100
Cash has which configuration, + - or - +?
What is + -
100
The account where we record who owes us money
What is Accounts Receivable (A/R)?
100
If we buy a desk and write a check, we will decrease cash and increase what account?
What is furniture?
100
You usually work less hours in this job (public or private accounting)
What is Private Accounting?
100
Assets = 15,000 Liabilities = 12,000 Owner's Equity =
What is 3,000?
200
A/P has which configuration, + - or - +?
What is - +?
200
The account where we record what the owner has invested
What is capital?
200
We invested a cash register in the business. We will increase equipment and increase what other account?
What is Capital?
200
This is a certification that you can take a very difficult exam for after getting your degree to make you more marketable
What is a CPA?
200
Assets = 20,000 Owner's Equity = 12,000 Liabilities =
What is 8,000?
300
A/R has which configuration, + - or - +?
What is + -?
300
The account where we record what the owner takes out of the business
What is Withdrawals?
300
You pay someone back. You decrease cash and do what to Accounts Payable (increase it or decrease it)?
What is decrease it?
300
This is the type of job where you sometimes work at many companies, and do taxes, auditing or consulting.
What is Public Accounting?
300
Assets = 5,000 Liabilities = 11,000 Owner's Equity =
What is -6,000?
400
Capital has which configuration, + - or - +?
What is - +?
400
The account where we record what someone owes us
What is Accounts Payable (A/P)?
400
The owner takes a desk home. The furniture account decreases. What other account is affected and how?
What is increase Withdrawals?
400
The number of accounting jobs will most likely (increase or decrease) in the coming years
What is increase?
400
You buy a computer for $2,100 and pay half in cash, what do you do in the A/P account?
What is credit it $1,050?
500
Withdrawals has which configuration, +- or -+?
What is + -?
500
The account where we record normal sales
What is Revenue?
500
You buy some paper from the local store and agree to pay in a month. What accounts are affected and how?
What is increase Supplies and increase A/P?
500
To look over someone's books and pass judgment over whether they are mostly correct
What is to audit?
500
You pay back someone 1/3 of what you owe, which is $5,100. What do you do in A/P?
What is debit it by $1,700?
M
e
n
u