Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
100
Planning, recording, analyzing, and interpreting financial information
What is accounting
100
A business that performs an activity 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 analyze transactions
What is t account
100
A form for recording transactions in chronological order
What is a journal?
200
Organized summaries of a business financial activities
What is accounting record?
200
A business owned by one person
What is a proprietorship?
200
A decrease in owner’s equity resulting from the operation of a business
What is expense?
200
An amount recorded on the left side of a t account
What is debit?
200
Recording transactions
What is journalizing?
300
A person who plans, summarizes, analyzes, and interprets accounting information
What is an accountant
300
Anything of valued that is owned
What is asset?
300
Assets taken out of business for the owner’s personal use
What is withdrawal?
300
An amount recorded on the right side of a t account
What is credit?
300
A journal amount column headed with an account title
What is special amount column?
400
An accountant who is employed by a single business
What is a private accountant?
400
Financial rights to the assets of a business
What is equities?
400
Assets is on what side of a balance sheet?
What is left side?
400
A business form for ordering a bank to pay cash from a bank account
What is a check?
500
A person who records, sorts, and files accounting information
What is accounting clerk?
500
An amount owned by a business
What is liability?
500
Liabilities and Owner’s Equity is on what side of a balance sheet?
What is right side?
500
An account that reduces a related account on a financial statement
What is contra chart?
500
A business form giving written acknowledgement for cash received
What is a receipt?
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