Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
100
Planing, recording, analyzing, and interpreting financial information
What is Accounting
100
True or false? Does the right side must equal the total of the left.
What is True
100
What is an increase in owner’s equity resulting from the operation of business?
What is revenue
100
Assets is on the right or left?
What is left
100
A journal is?
What is A form of recording transaction in a chronological order
200
A planned process for providing financial information that will be useful to management is?
What is Accounting system
200
What is liability?
What is An amount owed by a business
200
What’s an expense?
What is A decrease in owner’s equity resulting from the operation of business
200
What is an account device used to analyze transaction?
What is T account
200
Recording a transaction in a journal is call?
What is journalizing
300
What is a person who does general accounting work plus some summarizing and analyzing of accounting information?
What is Bookkeeper
300
Assets=?+ Owner's equity
What is Liabilities
300
What is a withdrawal?
What is Assets taken out of business for the owner’s personal use
300
What is an amount recorded on the right side on an t account called?
What is debit
300
Information for each transaction recorded in a journal is?
What is entry
400
What is the definition of accounting clerk?
What is A person who records, sorts, and files accounting information
400
What is anything with value called?
What is Assets
400
Minus to capital is also minus to?
What is Cash
400
What is a credits?
What is an amount recorded on the right side
400
What is a receipt ?
What is a business form giving written acknowledgement for each cash received
500
What is the principle of right and wrong that guide and individual in making decision?
What is ethics
500
What is an amount in an account called?
What is account balance
500
Gaining cash is also gaining in?
What is Capital
500
What is an account that reduces a relative account on a financial statement?
What is contra account
500
What is a memorandum?
What is a form on which a brief message is written describing a transaction
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