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ch2
ch3
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ch5
100
Planning, recording, analyzing, and interpreting, financial information
What is accounting
100
Financial rights to the assets of a business
What is equtalities
100
A transaction for the sale of goods or services results in an increase in owner’s equity.
What is revenue
100
An accounting device used to analyze transactions
What is T account
100
A form for recording transactions in chorological order
What is journal
200
Organized summeries of a business financial activities
What is accounting records
200
An amount owed by s business
What is liabilitiy
200
A decrease in owners equity resulting from the operation of a business
What is expense
200
An amount recorded on the right side of the T account
What is credit
200
Recording transactions in a journal
What is journalizing
300
A person who records, sorts, and files accounting information
What is accounting clerk
300
Am equation showing the relationship among assets, liabilities, and owners equties
What is accounting equation
300
Assets taken out of a business for the owners personal use
What is withdrawls
300
An amount recorded on the left side of the T account
What is debit
300
A journal amount column that is not headed with an account title
What is general amount coulmn
400
An accountant who is employed by a single business is called
What is private accountant
400
business activity that changes assets, liabilities, or owners’ equity
What is transaction
400
The heading of the left side of a balance sheet
What is assets
400
An account that reduces a related account on financial statement
What is contra account
400
Information for each transaction recorded in a journal
What is entry
500
The use of personal ethics in making business decisions is called
What is business ethics
500
The name given to an account
What is account title
500
The heading of the right sides
What is liabilities
500
A list of accounts used by a business
What is chart of account
500
A business form ordering a bank to pay cash from a bank account
What is check
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