Ch. 1
Ch. 2
Ch. 3
Ch. 4
Ch. 5
100
Planning, recording, analyzing, and interpreting finiancial information.
What is Accounting?
100
A business that preforms a service for a fee.
What is a service business?
100
Increase in owners equity resulting from the operationof a business.
What is revenue?
100
Accounting device used to analyze transactions.
What is a T account?
100
Form for recording transactions in chronological order.
What is a Journal?
200
Principles of right and wrong that guide an individual in making desisions.
What is ethics?
200
A business owned by one person.
What is proprietorship?
200
Assets taken out of a business for the owners personal use.
What is withdrawals?
200
Amount recorded on the left side of a T account.
What is Debit?
200
Journal amount column headed with an account title.
What is a Special amount column?
300
A person who plans, summerises, analyzes, and interprets accounting information.
What is an accountant?
300
Financial rights to the assets of a business.
What is equities?
300
Receiving cash from owner as an investment increases.
What is Cash and OE?
300
An account that reduces a related account on a financial statement.
What is a contra account?
300
Information for each transaction recorded in a journal.
What is an entry?
400
Organized summeries of a business' financial activities.
What is accounting records?
400
Amount owed by a business.
What is liability?
400
Decrease in OE resulting from the operation of a business.
What is expence?
400
List of accounts used by a business.
What is a chart of accounts?
400
Business paper from which information is obtained for a journal entry.
What is a source document?
500
A person who records, sorts, and files accounting information.
What is an accounting clerk?
500
Account used to summarize the owners’ equity in business.
What is capital?
500
Paid cash to rent decreases what?
What is Cash and Capital?
500
Amount recorded on the right side of a T account.
What is Credit?
500
Form on which a brief message is written describing a transaction.
What is a memorandum?
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