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Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
100
Planning, recording, analyzing, and interpreting financial information is
What is accounting
100
What is a financial statement that reports assets, liabilities, and owners equity on a specific dater?
What is The balance sheet
100
An increase in owners equity resluting from the operation of a business is called
What is revenue.
100
The basic device used to analyze the effect of transactions on accounts.
What is T account
100
What is a form which a brief message is written describing a transaction?
What is a memorandum.
200
A planned process for providing financial information that will be useful to managment is
What is an accounting system
200
What kind of equations are listed on the left side of the balance sheet?
What is assets
200
A decrease in owners equity resulting from the operation of a business is called
What is An expense
200
An amount recorded on the right side of a T account.
What is Credit
200
What is a business giving written acknowledgement for cash recieved. The reciept number helps keep track of all receipts.
What is a Receipt.
300
Organzied summaries of a business' financial activites is
What is accounting records
300
What kinds of accounts arre listed on the right side of the balance sheet?
What is Liabilities and owners equity
300
Assets taken out of a business for the owners personal use are called
What is withdrawls
300
An amount recorded on the left side of a T account.
What is Debit
300
A small business may use a printing calculator to total the daily cash sales. This becomes a source document for the total sales of the day.
What is Calculator tapes.
400
A business selling accounting services to the general public is
What is a public accounting firm
400
What is the finiancial rights to the assets of a business.
What is Equities
400
What are the heading on the right side of the balance sheet?
What is liabilites and owners equity
400
What is Assets=Liabilities+Owners Equity?
What is the accounting epquation.
400
A form for recording transactions in chronlogical order.
What is A journal.
500
An accountant who is employed by a single business is called
What is private account
500
Anything of value that is owned
What is assets
500
What is the total on the left side of the balance sheet called?
What is Total assets.
500
What is on the right side of the accounting equation?
What is Credit side
500
A journal amount column headed with an account title.
What is a special amount column.