Chapter One
Chapter 2
Chapter 3
Chapter 4
Chapter 5
100
Planning, organzing, 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 amount recorded on the left side of a T account
What is debit
100
A journal amount column headed with an account title
What is a special amount column
200
A person who records, sorts, and files accounting information.
What is an accounting clerk.
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 an expense.
200
The amount recorded on the right side of a T account
What is credit
200
A journal amount not headed with an account title
What is a general amount column
300
Principles of right and wrong that guide an individual in making decisions.
What is ethics.
300
Financial rights to the assets of a business
What is equities
300
Assets taken out of a business for the owner's personal use
What is withdrawals.
300
List of accounts used by a business
What is chart of accounts
300
Information for each transaction recorded in a journal
What is an entry
400
Personal ethics in making business decisions.
What is business ethics
400
A business activity that changes assets, liabilities, or owner's equity
What is a transaction
400
The title on the left side of the balance sheet
What is assets
400
An account that reduces a related account on a financial statement
What is a contra account
400
A business paper from which information is obtained for a journal entry
What is a source document
500
A business selling accouting services to the general public
What is public accounting firm
500
A record summarizing all the information pertaining to a single item in the accouting equation
What is an account
500
The right side of the balance sheet
What is liabilities and owner's equity?
500
An account device used to analyze transactions
What is a T account
500
An business form ordering a bank to pay cash from a bank account
What is a check
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