Accounting 1
Accounting 2
Accounting 3
Accounting 4
Accounting 5
100
Right side
What is Credit
100
Side that is increased
What is Normal balance
100
Tool that is used by accountants to analyze transactions
What is T Accounts
100
List of all accounts a business uses
What is Chart of accounts
100
Spmething accounts are grouped in
What is a Ledger
200
Financial record keeping system in which each transaction affects at least 2 accounts
What is Double Entry Accounting
200

A debit will always increase this type of account.

What is an Asset?

200

Credit

What is Right Side of the T account

200
Capital
What is Owner's Equity
200

 Accumulated depreciation has this normal balance

 What is a credit?

300
Revenue
What is money earned from a service
300
By something but agree to pay later
What is buy on account
300
Using personal things for your business
What is an investment
300
Write a check
What is Cash in bank
300

If wages are owed but not yet paid, this adjusting entry is made: debit ____ and credit ____.

What are a debit to Wages Expense and a credit to Wages Payable

400
Office Equipment
What is an Asset
400
Accounts Recievable
What is Asset
400
Debit
What is Left side of a T account
400
Account Payable
What is Liability
400
Agree to pay them later
What is Accounts payable
500
Owner's Equity and Liabilities
What is credit or Right side
500

Agree to pay you later

What is Accounts Recievable

500
Sell something and agree to recieve money later
What is selling on account
500
Assets=Liabilities+Owner's Equity
What is the accounting equation
500

This type of account appears on the income statement.  

What are Revenues and Expenses?

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