Chapter the First
Chapter the Second
Chapter the Third
Chapter the Fourth
Chapter the Fifth
100
A person employed privately by a single business
What is a private accountant?
100
A business that provides a service for a fee
What is a service business?
100
An increase in owner’s equity resulting from the operation of a business
What is revenue?
100
An accounting device used to analyzed business transactions
What is a T account?
100
A business form ordering a bank to pay cash from an account
What is a check?
200
A business selling accounting to the general public
What is a public accounting firm?
200
The two headings that fall on the right of the accounting equation
What are liabilities and owner's equity?
200
Assets taken out of a business for an owner’s personal use
What are withdrawals?
200
An amount recorded on the left hand side of a T account
What is debit?
200
A journal account title headed with an account title
What is a special amount column?
300
Principles of right and wrong that guide an individual
What is ethics?
300
The account used to summarize the owner’s equity in business
What is capital?
300
The account on the right-hand side of the accounting equation that increases when a cash increase occurs
What is capital?
300
The normal balance side for asset accounts
What is the left/debit?
300
A journal account that is not headed with an account title
What is a general amount column?
400
A person who records, files, and sorts accounting info
What is an accounting clerk?
400
How the totals on each side of the accounting equation must always be in relation to each other
What is equal?
400
The account that increases when supplies are bought on account
What is the specific supply company account?
400
The normal balance side for sales accounts
What is the right/credit?
400
The two accounts affected when cash is paid for the water bill
What are Cash and Utilities expense?
500
A planned process for providing useful financial info
What is an accounting system?
500
The heading under which supplies, cash, and prepaid insurance fall
What is assets?
500
A decrease in owner’s equity resulting from the operation of a business
What is an expense?
500
An amount recorded on the right hand side of a T account
What is a credit?
500
The account title for the totals at the bottom of the first page of a journal
What is Carried Forward?
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