Show:
Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
100
Planning, recoding, analyzing, and interpreting financial information
What is Accounting?
100
A business that performs an activity for a fee
What is a service business?
100
Increase in Owner's equity resulting from the operation of a business
What is revenue?
100
Accounting device used to analyze transactions
What is a T account?
100
Journal amount column headed with an account title
What is a special amount column?
200
Principles of right and wrong that guide an individual in making decisions
What are ethics?
200
Anything of value that is owned
What is an asset?
200
Assets taken out of a business for the owner's personal use
What are withdrawals?
200
Normal balance side of Assets
What is Debit?
200
A business paper from which information is obtained for a journal entry
What is a source document?
300
Person that summarizes, analyzes, and interprets accounting information
What is an accountant?
300
Left and right sides of the accounting equation must...
What is equal?
300
Decrease in Owner's equity resulting from the operation of a business
What is an expense?
300
Amount recorded on the left side of the T account
What is Debit?
300
When receiving cash from owner as an investment, what side of the general amount column is used?
What is Credit side?
400
Organized summaries of a business' financial activities
What are accounting records?
400
The name given to an account
What is an account title?
400
In the accounting equation, an expense decreases cash and this
What is capital?
400
Amount recorded on the right side of T account
What is Credit?
400
Determining that the amount of cash agrees with the accounting records
What is proving cash?
500
A business selling accounting services to the public
What is a public accounting firm?
500
Assets = Liabilities + Owner's equity
What is the accounting equation?
500
The name of the chapter is Starting a ...
What is Proprietorship?
500
Account that reduces a related account on a financial statement
What is a contra account?
500
A single line is ruled across amount columns to indicate...
What is addition or subtraction?