Ch 1
Ch 2
Ch 3
Ch 4
Ch 5
100
Planning, recording, analyzing, and interpreting financial info
What is Accounting
100
Performs an activity for a fee
What is a Service Business
100
An increase in owner’s equity
What is Revenue
100
Device used to analyze transactions
What is a T account
100
A form for recording transactions
What is a Journal
200
Ethics relating to business
What is Business Ethics
200
This side of an accounting equation contains all liabilities
What is the Right Side
200
When an asset is taken out by the owner
What is Withdrawal
200
Transactions recorded on the right side of a T account
What is Credit
200
True/False: Journals are recorded in chronological order
What is True
300
Supervises all accounting functions
What is an Accountant
300
A business owned by an individual
What is a Proprietorship
300
Revenues and Expenses must
What is be Equal
300
Debits are always on the ____ side of a T account
What is Left
300
Bought supplies on account from Boyd’s Hardwood Supply Co. is an example of debiting the…
What is the General column
400
You need to be promoted from being an accounting clerk to become
What is a Bookkeeper
400
Your 3 assets are…
What is Cash, Supplies, and Prepaid Insurance
400
When a business performs an action and the result causes a decrease in owner’s equity
What is an Expense
400
An account that reduces a related account
What is a Contra account
400
A journal amount column headed with a title
What is a Special amount column
500
Most accounts receive a ________ to prove they are an accountant
What is a CPA Certificate
500
This financial statements lists all transactions on a specific date
What is a Balance Sheet
500
Revenues is to Assets as Expenses is to
What is Liabilities
500
True/False: All accounts have a Debit side and Credit side
What is False (Sales)
500
What is the meaning of life?
Good question
M
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