Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
100
Planning, recording, analyzing, and interpreting financial information.
What is an 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 business.
What is a revenue?
100
An accounting device used to analyze transactions.
What is a T account?
100
A form for recording transactions in chronological order.
What is a journal?
200
The principles of right and wrong that guide an individual in making decisions.
What is an ethics?
200
A business owned by one person
What is proprietorship?
200
A decrease in owner’s equity resulting from the operation of a business.
What is a expense?
200
An amount recorded on the left side of a T account.
What is a debit?
200
A business paper from which information is obtained for journal entry.
What is a source document?
300
A business selling accounting services to the general public.
What is a public accounting firm?
300
Fiancial rights to the assets of a business.
What is a equities?
300
Assets taken out of a business for owner’s personal use
What is withdrawals?
300
An amount recorded on the right side of a T account.
What is a credit?
300
Information for each transaction recorded in a journal
What is an entry?
400
A person who records, sorts, and files accounting information.
What is an accounting clerk?
400
The amount remaining after the value of all liabilities is subtracted from the value of all assets.
What is an owner's equity?
400
Accounts that are affected, and when cash is received from sales?
What is cash is affected and it increases?
400
A list of accounts used by a business.
What is a charts of accounts?
400
Determining that the amount of cash agrees with the accounting records.
What is a proving cash?
500
A book who does general accounting work plus some summarizing and analyzing of accounting information.
What is a bookkeeper?
500
An amount owed by a business.
What is a liability?
500
Must be true of the accounting equation after each transaction is recorded
What is left side equals right side?
500
An account that reduces a related account on a financial statement.
What is a contra account?
500
A form on which a brief message is written describing a transaction.
What is a memorandum?
M
e
n
u