accounting equation
accounting equation?
what is asset=liabilities+owner's equity
normal balance for asset
what is debit
fastest asset to cash
what is cash
how many accounts are effected for a transaction
cash is classified as an
what is asset
something someone owes
what is asset
only ones with debit normal balance
what is drawing, expense, asset
the order asset is on a balance sheet
what is one that turns into cash the fastest
paid cash for insurance, 500. accounts effected
what is prepaid insurance and asset
sales is a
what is revenue
owner's drawing account is a
what is drawing
cash increases and accounts receivable...
what is decrease
assets on a balance sheet, liabilities is
what is 200
if i paid cash on an account, the asset will
what is decrease
rent is an
what is expense
the accounting equation must be
normal balance of capital
what is credit
sorting expenses on a chart of accounts it must be in ___ order
what is alphabetical order
paid cash on an account, two accounts effected
what is supplies and accounts payable
this account has accounts payable and notes payable
what is liabilities
extended accounting equation
what is asset=liabilities+owner's equity+revenue-expenses
received cash from sales, 1,200. cash increases and revenue.....
what is increase
balance sheet is on the left and ___ is on the right
what is income statement
In a T chart asset is on
What is left
this account is used to summarize the owner's equity in a business
what is capital