Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
100
Planning, recording, analyzing and interpreting financial information
What is Accounting
100
A business owned by one person
What is a proprietorship
100
A transaction for the sale of goods or services results in?
What is an increase in owner's equity
100
An accounting device used to analyze transactions
What is a T Account
100
Journal amount column headed with an account title
What is Special Amount Column
200
A person who plans, summarizes, analyzes and interprets accounting information
What is an accountant
200
Financial right to the assets of a business
What are equities
200
Increase in owner's equity from a business operation
What is revenue
200
Left side of T Account
What is the DEBIT side
200
Journal amount column NOT headed with a title
What is a General Amount Column
300
A person who does general accounting work, plus some summarizing and analyzing of accounting information
What is a bookkeeper
300
Business activity that changes assets, liabilities or owner's equity
What is a transaction
300
Cash, Supplies and Prepaid Insurance
What are assets
300
Right side of a T Account
What is the CREDIT side
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
Equation showing the relationship among assets, liabilities and owner's equity
What is the accounting equation
400
A decrease in owner's equity from a business operation
What is an expense
400
List of accounts used by a business
What is a Chart of Accounts
400
Business paper where info is obtained for a journal entry
What is a source document
500
The principles of right and wrong that guide an individual on making decisions
What is ethics
500
Account used to summarize owner's equity in a business
What is capital
500
Assets taken out of a business for the owner's personal use
What is a withdrawal
500
Liabilities and Owner's Equity
What is the right side
500
Business form ordering a bank to pay cash from an account
What is a check
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