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Ch1
Ch2
Ch3
Ch4
Ch5
100
Planning , recording, analyzing, and interpreting financial information
What is accounting?
100
A business that performs an activity for a fee
What is a service business?
100
An increase in owner’s equity resulting from the operation of a business
What is revenue?
100
An accounting device used to analyze transactions
What is a t account?
100
A journal amount column headed with an account title
What is a special amount column
200
A person who plans, summarizes, analyzes, and interprets accounting information
What is an accountant?
200
A business owned by one person
What is proprietorship?
200
A decrease in owner’s equity resulting from the operation of a business
What is expense?
200
An amount recorded on the left side of a T account
What is debit?
200
A journal amount column not headed with an account title
What is general amount column?
300
The use of personal ethics in making business decisions
What is business ethics?
300
Anything of value that is owned
What is asset?
300
Assets taken out of a business for the owner’s personal use
What is withdrawal?
300
An amount recorded on the right side of a T account
What is credit?
300
A form for recording transactions in chronological order
What is journal?
400
A person who does general kinds of office tasks
What is a general office clerk?
400
Financial rights to the assets of a business
What is an equity?
400
Paid cash for rent
What is a rent expense
400
A list of accounts used by a business is called
What is a chart of accounts?
400
A business form ordering a bank to pay cash from a bank account
What is check
500
Organized summaries of a business’ financial activities
What is accounting records?
500
An amount owed by a business
What is liability?
500
received cash from sales
What is sales revenue?
500
An account that reduces a related account on a financial statement
What is a contra account
500
A business form giving written acknowledgement for cash received
What is receipt