Show:
Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
100
Planning, recording, analyzing, and interpreting financial information
What is accounting?
100
A business owned by one person
What is a proprietorship?
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 jourmal amount column headed with an account title
What is a special amount column?
200
A person who plans, summarizes, analyzes, and interprets accounting information
What is an accountant?
200
Financial rights to the assets of a business
What are equities?
200
A decrease in owner's equity resulting from the operation of a business
What is an expense?
200
An amount recorded on the left side of a T account
What is debit?
200
A journal amount column that is not headed with an account title
What is a general amount column?
300
A person who records, sorts, and files accounting information
What is an accounting clerk?
300
An equation showing the relationship among assets, liabilities, and owner's equity
What is an accounting equation?
300
Assets taken out of a business for the owners personal use
What are withdrawels?
300
An amount recorded on the right side of a T account
What is credit?
300
Information for each transaction recorded in a journal
What is an entry
400
The principles of right and wrong that guide an individual in making decisions
What are ethics?
400
A record summarizing all the information pertaining to a single item in the accounting equation
What is an account?
400
Advertising equipment rental or repairs, charitable contributions, and other miscellaneous items
What are other expense transactions
400
An account that reduces a related account on a financial statment
What is a contra account?
400
A business paper from which information is obtained for a journal entry
What is a source document?
500
A person who does general kinds of office tasks, including some accounting tasks
What is a general office clerk?
500
A financial statement that reports assets, liabilities, and owner's equity on a specific date
What is a balance sheet?
500
Revenue, Expense, and withdrawal transactions
What transactions affect owner's equity?
500
A list of accounts used by a business
What is a chart of accounts?
500
A form on which a brief message is written describing a transaction
What is a memorandum?