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Ch1
Ch2
Ch3
Ch4
Ch5
100
Planning, recording, analyzing, and interpreting financial information is?
What is accounting?
100
A business that performs an activity for a fee is called.
What is What is service business?
100
An increase in OE resulting from the operation of a business.
What is revenue?
100
A account device used to analyze transactions.
What is T account?
100
A form for recording transactions in chronological order.
What is Journal?
200
Planned process for providing financial information that is useful to management is?
What is accounting system?
200
Business owned by one person.
What is What is proprietorship?
200
A decrease in OE resulting from the operation of a business.
What is expense?
200
An amount located on the left side of the T account.
What is Debit?
200
Recording transactions in a journal.
What is Journalizing?
300
Organized summaries of financial activities are?
What is accounting records?
300
Liabilities subtracted from value of all assets.
What is owners’ equity?
300
Assets taken out of a business for the owners personal use.
What is withdrawals?
300
An amount located on the right side of an account.
What is Credit?
300
A journal Amount column headed with an account title.
What is Special Amount Column?
400
Person who summarizes, analyzes, and interprets accounting info is?
What is What is an accountant?
400
Equation showing the relationship among assets, liabilities, and owner's equity.
What is accounting equation?
400
Are listed on right side of balance sheet.
What is liabilities and OE?
400
A list of accounts used by a business.
What is Chart of accounts?
400
A journal amount column that is not headed with an account title.
What is General Amount Column?
500
Selling accounting services to the general public.
What is public accounting firm?
500
Activity that changes assets, liabilities, or EQ
What is transaction?
500
Are listed on left side of balance sheet.
What is assets?
500
An account that reduces a related account on a financial statement.
What is Contra account?
500
Information for each transaction recorded in a journal.
What is Entry?