Show:
Chapter 1: Basics
Chapter 2: Taccounts
Chapter 3: Journals
Chapter 4: General Ledger
Chapter 5: Cash Contol Systems & Chapter 6: Worksheets
100
The accounting equation.
What is A=L+OE
100
The normal balance side for Expenses.
What is debit.
100
Name 3 source documents.
What is Check, Sales Invoice, Receipt, Memorandum, & Calculator Tape.
100
This is the step in the accounting cycle that comes after the journalizing transactions.
What is POSTING into the general ledger.
100
Name 3 types of check endorsements.
What is Special, Restrictive, & Blank.
200
Name 3 asset accounts.
What is Cash, Petty Cash, Supplies, Insurance, & Accts. Rec.
200
The decrease side for Revenue.
What is debit.
200
This is written in the Post Ref. column when journalizing.
What is the journal page number.
200
Posting individually means this.
What is everytime a transaction is journalized, you post in the journal. (You will have multiple dates like the 2nd, 6th, 21st, and 28th.)
200
The entry to ESTABLISH a petty cash fund. (What accounts are debited & credited.)
What is Debit Petty Cash & Credit Cash.
300
The amount remaining after the value of all liabilites is subtracted from the value of all the assets.
What is Owner's Equity.
300
Drawing decreases Owner's Equity, which is shown on this side.
What is credit.
300
When journalize the following transaction, determine which accounts are to be debited or credited. Paid cash to owner for personal use.
What is Debit Drawing & Credit Cash.
300
The first digit in the account number 210 means it belongs to this classification.
What is Liabilites.
300
A financial statement that reporst assets, liabilites, & owner's equity.
What is balance sheet.
400
Accounts that increase Owner's Equity. (Hint: Normal balance is on the credit side.)
What is Capital and Revenue.
400
The increase side for Accts. Pay.
What is credit.
400
When journalize the following transaction, determine which accounts are to be debited or credited. Received cash on account.
What is Debit Cash & Credit Accts. Rec.
400
Accounts that are NOT posted individually.
What is Cash Debit, Cash Credit, & Sales. (These amounts come from the totals row.)
400
Calculation of net income.
What is Income Statement Credit - Income Statment Debit.
500
Accounts that decrease Owner's Equity. (Hint: Normal balance is on the debit side.)
What is Drawing and Expenses.
500
Sales is this type of account, but is classified as Owner's Equity.
What is revenue.
500
Frequent transaction to the same FEW accounts can result in creating a a journal with these.
What is special amount columns.
500
The last step in the posting procedure is this.
What is write the account number from the ledger into the Post Ref. column in the journal.
500
The difference between total revenue and total expenses, when total expenses are greater.
What is net loss.