Ch 1
Ch 2
Ch 3
Ch 4
Ch 5
100
planning, recording, analyzing, and interpreting financial information
What is accounting
100
a business that performs a activity for free
What is service business
100
an increase in an owner's equity resulting from the operator of a business
What is revenue
100
an accounting device used to analyze transactions
What is a t account
100
A form of recording transactions in chronological order
What is journal
200
a planned process for providing financial information that will be useful to management
What is accounting systems
200
a business owned by one person
What is proprietorship
200
when cash is recieved from sale, the total amounts of assets an owner's equity
What is increased
200
an amount recorded on the left side of a t account
What is debit
200
Recording a transactions in a journal
What is journalizing
300
organized summary of a business' financial activities
What is accounting records
300
anything of value that is owned
What is an asset
300
a decrease in owner's equity resulting from an operation of a business
What is expense
300
An amount recorded on the right side of a t account
What is credit
300
A business form ordering a bank to pay cash from a bank account
What is check
400
a person who summarizes, analyzes, and interprets financial information
What is accountant
400
financial right to the assets of a business
What is equities
400
assets taken out of a business for the owners personal use
What is a withdrawal
400
A list of account used by a business
What is Charts of accounts
400
A business form giving written notice for cash received
What is Receipt
500
a business selling accountaning services to the general public
What is public accounting firm
500
an amount owed by a business
What is a liability
500
a withdrawal decreases what
What is owner's equity
500
An account that reduces related account on a financial statement
What is Contra account
500
A form on which a brief message is written describing a transaction
What is memorandum
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