Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5`
100
Planning, recording, 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 owners equity resulting from the operation of a business
What is revenue
100
Accounting device used to analyze transactions
What is a T account
100
A form recording transactions
What is a journal
200
Organized summaries of a business' financial activities
What is accounting records
200
A business owned by one person
What is proprietorship
200
A decrease in owners equity resulting from the operation of a business
What is an expense
200
An amount recorded on the left side of a T account
What is debit
200
Recording transactions in a journal
What is journalizing
300
A person who plans, summarizes, analyzes, and interprets accounting information
What is an accountant
300
Anything of value that is owned
What is an asset
300
Assets taken out of a business for the owners personal use
What are withdraws
300
Amount recorded on the right side of a T account
What is credit
300
A journal account headed with an account title
What is a special amount column
400
A business selling accounting services to the general public
What is a public accounting firm
400
Financial rights to the assets of a business
What are equities
400
Cash, Supplies, Prepaid insurance
What are assets
400
A list of account used by a business
What is a list of accounts
400
A journal not headed with an account title
What is a general account
500
A person who records, sorts, and files accounting information
What is an accounting clerk
500
An amount owned by a business
What is a liability
500
"Owners name", capital
What is Owners Equity
500
Account that reduces a related account on a financial statement
What is a contra account
500
Written acknowledgement of cash recieved
What is a receipt
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