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100
planning, analyzing, and interpreting financial info.
What is accounting
100
Business that performs activity for fee
What is a service business
100
Increase in owners equity resulting from the operation of a business
What is revenue
100
Accounting device used to analyze transactions
What is T account
100
journal amount column with an account title
What is special amount column
200
organized summaries of business' financial activities
What is accounting records
200
business owned by one person
What is proprietorship
200
decrease in owners equity resulting from the operation of a business
What is an expense
200
amount recorded on left of t account
What is debit
200
journal amount column without an account title
What is a general amount column
300
person who plans, summarizes, and interprets accounting info
What is an accountant
300
Anything of value that is owned
What is asset
300
assets taken out for owners personal use
What is a withdrawl
300
amount recorded on right of t account
What is credit
300
form for recording transactions in chronological order
What is a journal
400
Person who records, sorts, and files accounting info.
What is accounting clerk
400
finacial rights to the assets of a business
What are equities
400
Goods and services provided by public ________
What is utilities
400
list of accounts used by a business
What is chart of accounts
400
Recording in a journal
What is journalizing
500
accountant employed by single business
What is private accountant
500
amount owed by business
What is a liability
500
the left side always equals the right side
What is an accounting equation
500
account that reduces a related account on a financial statement
What is a contra account
500
transaction recorded in a journal
What is an entry