Show:
Chapter One
Chapter Two
Chapter Three
Chapter Four
Chapter Five
100
Planning,recording, analyzing, and interpreting financial information
What is accounting?
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 a T account?
100
A form for recording transactions in chronological order
What is a journal?
200
a planned process for providing financial information that will be useful to management
What is accounting system?
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 right side of a T account
What is credit?
200
Recording transations in a journal
What is journalizing?
300
Organized summaries of a business' financial activities
What is accounting records?
300
Anything of value that is owned
What is asset?
300
Assets taken out of a business for the owner's personal use are
What is withdrawals?
300
An amount recorded on the left side of the T account
What is debit?
300
A journal amount colums headed with an account title
What is a special amount column?
400
A person who plans, summarizes, analyzes, and interprets accounting information
What is accountant?
400
Financial rights to the assets of a business
What is equities?
400
increase or decrease owner's equity
What is a transaction?
400
A list of accounts used by a business
What is a chart of accounts?
400
A journal amount column that is not headed with an account title
What is a general amount column?
500
A business selling accounting services to the general public
What is public accounting firm?
500
An amount owed by a business
What is liability?
500
On the left side of the accounting equation
What is assets?
500
An account that reduces a related account on a financial statement
What is a contra account?
500
Information for each transaction recorded in a journal
What is an entry?