Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
100
What is Planning, recording, analyzing, and interpreting financial information called?
What is "Accounting"
100
A financial statement that reports Assets,Liabilities and Owner's Equity on a specific date.
What is a "Balance sheet"
100
An increase in owner's equity resulting from the operation of a bussiness.
What is "revenue"
100
An accounting device used to analyze transaction.
What is " T account"
100
Recording transactions in a journal.
What is "journalizing"
200
A business selling accounting services to the general public.
What is "public accounting"?
200
Anything of value that is owned.
What are "assets"
200
A decrease in owner's equity resulting from the operation of a business.
What is "expense"
200
An account recorded on the left side of the T account.
What is "debit"
200
A journal amount column that is not headed with an account title.
What is "General amount column"
300
The principles of right and wrong that guide an individual in making decisions.
What is "ethics"
300
A business that performs an activity for a fee.
What is "service business"
300
Assets taken out of a business for the owner's personal use.
What are "Withdrawals"
300
The recording of debit and credit parts of a transaction.
What is " double-entry accounting"
400
The use of personal ethics in making business decisions.
What is " business ethics"
400
The amount in a account.
What is "account balance"
400
To pay for goods and services needed to operate a business results in a decrease in owner's equity.
What are "transactions"
400
A list of accounts used by a business.
What are "chart of accounts"
400
A business form giving written acknowledgement for cash received.
What is "receipt"
500
Who is the person who does general kind of office tasks, including some accounting tasks?
What is " general office clerk"
500
A record summarizing all the information pertaining to single item in the accounting equation.
What is an "account"
500
Few businesses need to prepare a balance ________.
"every day"
500
The accounting equation can be represented by a _____.
What is "T"
500
A form on which a brief message is written describing a transaction.
What is "memorandum"
M
e
n
u