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Ch 1
Ch 2
Ch 3
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Ch 5
100
A business selling accounting services to the general public
What is Public accounting firm
100
A business that performs an activity for a fee
What is 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 T account
100
A form for recording transactions in chronological order
What is Journal
200
A person who records, sorts, and files accounting information
What is Accounting clerk
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 headed with an account title
What is Special amount column
300
A person who does general kinds of office tasks, including some accounting tasks
What is General office clerk
300
An amount owed by a business
What is liability
300
Assets taken out of a business for the owner’s personal use
What is Withdrawals
300
An amount recorded on the right side of a T account
What is Credit
300
A journal amount column not headed with an account title
What is General amount column
400
The use of personal ethics in making businesses decisions
What is Business ethics
400
An equation showing the relationship among assets, liabilities, and owner’s equity
What is Accounting equation
400
The totals of the left and right side of a balance sheet
What is In balance
400
A list of accounts used by a business
What is Chart of accounts
400
Information for each transaction recorded in a journal
What is Entry
500
Abbreviation for a Certified Public Accountant
What is A CPA
500
Financial rights to the assets of a business
What is equities
500
Goods and services referred to as utilities
What is Telephone services or electricity
500
An amount that reduces a related account on a financial statement
What is Contra account
500
A business paper from which information is obtained for a entry
What is Source document