Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
100
Keep track of all the money a company receives and spends.
What is a bookkeeper
100
List the 3 sections of a balance sheet:
What is Assets, Liabilities, and Owner's Equity
100
A transaction for the sale of goods or services results in an increase in what?
What is Owner's Equity
100
The accounting equation can be represented as what?
What is a T
100
What is a form for recording transactions in chronological order?
What is a journal
200
Use your financial investigative powers to keep an eye on the books.
What is an Auditor
200
What kinds of accounts are listed on the left side of the balance sheet?
What is Assets
200
An increase in owner's equity resulting from the operation of a business is called what?
What is Revenue
200
An accounting device used to analyze transactions is called what?
What is a T account
200
What is recording transactions in a journal mean?
What is Journalizing
300
Do administrative work for banking, insurance, and other companies. Keep records, help customers, and carry out financial transactions.
What is a Financial Clerk
300
What should be done if a balance sheet is not in balance?
What is find errors.
300
A decrease in owner's equity resulting from operation of a business is called what?
What is an expense
300
What is an amount recorded on the left side of a T account?
What is Debit
300
What is the nature of the business determines the type of journal used?
What is Remember
400
The mathematical experts who estimate risks and costs for insurance companies.
What is an Actuary
400
State the accounting equation.
What is Assets=Liabilities+Onwer's Equity
400
Assets taken out of a business for the owner's personal use are called what?
What is withdrawals
400
What accounts have normal debit balances because assets are on the left side of the accounting equation?
What is Assets
400
What is a journal amount column headed with an amount title?
What is a Special Amount Column
500
Examine accounting and other financial records to find fraud, forgeries, and irregularities.
What is a Forensic Accountant
500
What is a proprietorship?
What is a business owned by one person.
500
A transaction to pay for goods or services needed to operate a business results in a decrease in what?
What is Owner's Equity
500
What accounts have normal credit balances because liabilities appear on the right side of the accounting equation?
What is Liabilities
500
What is a journal amount column that is not headed with an account title?
What is a General Amount Column
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