Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
100
Who is a person that plans, summarizes, analyzes, and interprets accounting information?
What is an accountant
100
Financial rights to the assets of a business.
What is equities.
100
money that you make
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 a Journal
200
Who does general accounting work plus some summarizing and analyzing of accounting information?
What is a bookkeeper.
200
A business that performs an activity for a fee.
What is a service business.
200
A decrease in owners equity resulting from the operation of a business.
What is an expense
200
The accounting equation can be represented as what letter
What is the letter T.
200
Information for each transaction recorded in a journal
What is an entry
300
The principles of right and wrong that guide an individual in making decisions.
What is ethics.
300
A business owned by one person.
What is a proprietorship.
300
Assets taken out of a business for the owners personal use
What is withdrawls.
300
Debit is on what side of a T account?
What is the left side
300
A business paper from which information is obtained for a journal entry
What is a source document
400
A planned process for providing financial information that will be useful to management.
What is an accounting system.
400
An amount owed by a business.
What is a liability.
400
Paying for cash decreases what accounts?
What is Assets and Owners Equity.
400
An amount recorded on the left side of the account.
What is the debit side.
400
A business form ordering a bank to pay cash from a bank account
What is a check
500
A business selling accountant services to the general public.
What is a Public Accounting Firm
500
A business activity that changes assets, liabilities, or owners equity.
What is a transaction
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
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