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Communication and Ethics
Starting a propietorship
Changes that effect O.E.
Debit ande Credit Parts
Juornalizing Transactions
100
Planning, recording analyzing, and interpreting financial information
What is Accounting
100
Anything of value that is owned
What is asset
100
An increase in O.E. resulting from the operation of a business
What is Revenue
100
An amount recorded on the left side
What is Debit
100
A journal amount column headed with an account title
What is Special amount column
200
A business selling accounting services to the general public
What is a public accounting firm
200
The account used to summarize the owner's equity in business
What is capital
200
Assets taken out of a business for owner’s personal use
What is Withdrawals
200
A list of accounts used by a business
What is Chart of accounts
200
A form for recording transactions in chronological order
What is Journal
300
An accountant who is employed by a single business
What is Private accountant
300
A business activity that changes assets, liabilites, or owner's equity
What is transaction
300
A decrease in O.E. resulting from the operation of business
What is Expense
300
An accounting device used to analyzing transactions
What is T account
300
A business paper from which information is obtained for a journal entry
What is Source document
400
A person who does general accounting work plus some summarizing and analyzing of accounting info
What is bookkeeper
400
Assets = Liabilites + Owner's Equity
What is Accounting equation
400
A financial statement that reports assets, liabilities, and O.E. on a specific date
What is Balance sheet
400
An account that reduces a related account on financial statement
What is Contra account
400
A form on which a brief message is written describing a transaction
What is memorandum
500
The use of personal ethics in making business decisions
What is Business ethics
500
A business owned by one person
What is Proprietorship
500
The amount in an account
What is Account balance
500
An amount recorded on the right side
What is Credit
500
The recording of debit and credit parts of a transaction
What is Double-entry accounting