Building Blocks Of Accounting
Name the Stuff
All Things Chapter 2
Learn about the job
Terms
100
A=L+OE+R-E-D
What is the accounting equation?
100
Cash, petty cash, accounts receiveable, supplies, and prepaid insurance
What is assets?
100
accounting device used to analyze transactions
What is T account?
100
In accounting what degree is needed.
What is bacholers degree?
100
a plan process for providing financial information that will be useful to management is called
What is accounting system
200
The name of the normal balance account is assets, expenses, and drawings.
What is Debits?
200
Name the Liablities of a company.
What is accounts payable?
200
debere and credere {latin and Itailan} stand for what in english
What is debit and credit?
200
30,000-130,000
What is salary?
200
a business that performs an activity for a fee
What is service business
300
The name of the normal balance accounts is Liablities, Owner's Equity, and Revenue.
What is Credits?
300
Name the Owner's Equity
What is capital, drawing, and income summary?
300
side of account that is increased.
What is Normal Balance?
300
certified information systems auditor
What is CISA
300
a business ownerd by _____ ______ is called a proprietorship
What is one person
400
A check with a future date.
What is Postdated checks?
400
Sales
What is revenue?
400
accounts used by businesses.
What is chart of accounts?
400
what accounts do you use when paid cash for repairs
What is repairs expense and cash
400
account balance
What is the amount in an account
500
indicating a new owner of a check
What is a special endorsement?
500
name the account numbers for assets,liabilities,owner's equity,revenue, and expenses.
What is 100,200,300,400,500
500
the part of a business that handles transactions and paychecks and all things to do with money is what part?
What is accounting?
500
AICPA stands for
What is American institute of public accountants
500
A record _______ all the information pertaining a ____ item in the accounting equation is called an ______
What is summarizing, single, account
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